Tehran to Undertake New Moves to Boost Non-Oil Exports

Deputy Head of Iran Small Industries and Industrial Parks Organization (ISIPO) Ali Asqar Masaheb revealed late on Saturday that the bill to support exports consortia will be submitted to the Iranian Parliament soon.

Over the past few years. ISIPO has focused on supporting exports consortia in the country. he said. adding. “presently. 62 industrial and production companies have been activated in industrial parks in line with spurring exports and export activities.“

Under the bill. relevant companies are identified. based on which. industrialists will be assured that they can take advantage of services of these companies legally. he stated.

He went on to say that a number of 18 Small- and Medium-Sized Enterprises (SMEs) have been paneled at Tehran Stock Exchange (TSE). the issue of which is of paramount importance in line with propelling financial needs of units from Monetary Market to the Capital Market.

He once again reiterated that the bill of backing exports consortia will be presented to the Parliament in the very near future through Dialogue Council between public and private sectors in cooperation and collaboration with members of Iran Chamber of Commerce. Industries. Mines and Agriculture (ICCIMA).

Iranian officials started planning for policies to counter the US possible sanctions a year before Donald Trump entered into office in early 2017. The policies are now proving effective as economic indexes are indicating inefficacy of the US pressures.

Earlier in July. Iranian Industry Minister Reza Rahmani said that despite US efforts to cripple Tehran’s economy. year-on-year comparison shows that the country’s domestic production has increased in the first quarter of the local calendar year (March 21-June 21).

“US sanctions were imposed to hamper production in Iran. however. we are proud to announce that after 14 months of sanctions the area has grown one percent in the first three months of the present Iranian year (started on March 21) in comparison with the corresponding period in last year.` Rahmani said in Iran’s Northeastern province of North Khorasan.

`We did not let production decrease and that is a victory despite the difficulties we had under sanctions.` he added.

The minister underlined that the government seeks to increase exports under the current conditions and called for providing the ground for investors.

Heading a delegation. the Iranian President paid a one-day visit to North Khorasan in line with the government’s provincial tours and inaugurated a number of projects in the Northeastern province.

Echoing a similar sense of economic progress. earlier on July 14. Director General of Port and Maritime Organization of Hormuzgan province Allah Morad Afifipour announced that Iran’s first quarter non-oil exports from the Southern port of Shahid Rajaei have increased by 10 percent compared with corresponding period in the last year.

An increasing trend has been reported from other Iranian customs gates for the same 3-month period.

Also. on July 14. Head of Markazi Customs Administration Esmaeil Hosseini said that more than 225 million worth of non-oil commodities have been exported from the central Iranian province of Markazi in the first three months of the current local calendar year. which shows a year-on-year increase by 4%.

More than 381.479 tons of non-oil commodities have been exported from Markazi province in the 3-month period. Hosseini said.

He added that the figures show a 4% growth in terms of value and a 12% decline in terms of tonnage compared with the similar period in last year.

On July 13. the Customs Department in Iran’s Southeastern port city of Chabahar announced that the office has witnessed a 38% rise in its collections in the first 3 months of the current local calendar year. compared with the corresponding period in 2018.

About core

Check Also

Iran’s Daily Gas Supply from Storage Caverns to Hit 100 mcm

Iran’s Oil Ministry is expanding its natural gas storage capacity to reach a target of …

Leave a Reply

Your email address will not be published. Required fields are marked *