Iran increasing non-oil exports

Iran increasing non-oil exports
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Published October 14th, 2012 - 13:29 GMT via SyndiGate.info

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Iran is trying to increase non-oil exports
Iran is trying to increase non-oil exports
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Mahmoud Ahmadinejad

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."

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