Iran increasing non-oil exports

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

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Iran is trying to increase non-oil exports
Iran is trying to increase non-oil exports
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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."

©2012 Fars News Agency. All rights reserved

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