Iran increasing non-oil exports
Deputy Head of Iran's Trade Promotion Organization Kioumars Fathollah Kermanshahi underlined the country's capability to further decrease its dependence on oil revenues despite the western sanctions, and said Iran's non-oil exports have increased 30% in the first half of the current Iranian year (March 20- September 21).
"The exports of non-oil goods have grown 30% which shows that the sanctions can provide us a special opportunity," Fathollah Kermanshahi said on Saturday.
"The volume of Iran's (non-oil) foreign trade in the first six months of the current year stood at $47bln, which included $26bln of imports and $21bln of non-oil exports," he added.
Iranian officials have underlined that the country plans to increase its non-oil exports to over $70bln in the current Iranian year.
Late in December, Iranian President Mahmoud Ahmadinejad lauded the country's growing non-oil exports, and said Iran's non-oil exports would equal its imports in the current Iranian year.
"God willing, non-oil exports will equal (Iran's) imports by the end of 1391 (march 19, 2013)," he said, adding, "That would be a great revolution in the country's economy."
- The Arab Spring ain't over, or at least demands: voting Tunisians place jobs at the top of their priority list
- It's not about bikinis: Lebanon world's eighth worst in terms of gender equality-World Economic Forum
- The plight of unpaid expats in Saudi Arabia
- Grandiose promises, humble gestures: will Gaza actually receive all the aid it was pledged?
- Trouble getting them, trouble keeping them? Middle East firms challenged in attracting, retaining talent