Iran’s Exports to Neighboring Countries to Hit $1bln

Head of Trade Promotion Organization of Iran (TPOI) Hamid Zadboum announced that plans have been made to boost the annual export of non-oil goods to the neighboring countries to one billion dollars.

We exported $24 billion of goods to the neighboring states last year and we have made up our minds to raise the figure to one billion dollars this year. Zadboum said. addressing a seminar honoring top exporters in Hamedan Province.

Noting that intermediaries account for 70 percent of Iran`s exports. he added. Exports are blood in our foreign trade artery and if there is no export earnings. we will not be able to buy the required industrial items.

In relevant remarks in early October. Iran`s Economy Minister Farhad Dejpasand said that Iran exported more than $60 billion worth of non-oil goods during the past one and a half years.

Iran’s non-oil exports reached $61 billion over past 18 months. Dejpasand said.

He added that only $27 billion have been repatriated. that is. 45 percent of the total sum.

Iran obliged exporters several months ago to repatriate their forex revenues in a bid to resuscitate the country’s economy.

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