19 Apr 2024
Sunday 7 January 2018 - 16:49
Story Code : 289103

President urges diversification of Irans non-oil exports

Tasnim Iranian President Hassan Rouhani called for efforts to reduce the countrys economic vulnerability by diversifying the export of non-oil goods.

In a meeting with Irans major exporters of non-oil commodities in Tehran on Sunday, Rouhani warned of the risks of focusing on the export of a single product, saying diversification of non-oil exports would lower the economys vulnerability.

He also praised the exporters for creating trust in Iranian brands, stressing the need for maintaining the quality of products to secure the countrys position in international markets.

The president also assigned the Industry Ministry, the Central Bank of Iran and the Economy Ministry to devise plans to enable producers of non-oil goods in the state-run and private sectors to export their products directly and get paid directly too.

In October 2017, First Vice-President Eshaq Jahangiri said Irans annual non-oil exports has stood at $47 billion, hoping that it would hit $100 billion in coming years.

The non-oil exports and tourism industry were the main sectors that President Rouhani had focused on during his second term election campaign in order to create job opportunities for the countrys young labor force.
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