Minister of economy underscores Iran’s determination to increase non-oil exports

TEHRAN (FNA)- Iranian Minister of Economy Ali Tayyebnia underlined the government’s plans to boost non-oil exports.

Tayyebnia said exports of non-oil commodities and reduction of crude oil exports are chiefly considered in the administration’s economic policies.

“Any oil price fluctuations have direct effects on currency prices and economic activities (in Iran), therefore we need to adhere to rising our non-oil exports share (in world market) if we are to reduce our dependence on oil revenues,” the minister stressed.

Iran’s Customs Administration announced in November that the country’s non-oil exports had witnessed significant growth in the first seven months of the current Iranian calendar year (March 21- October 22).

The value of Iran’s non-oil exports amounted to over $27bln in the seven months of the current year, a report by the Customs Administration said.

It noted that 55 million tons of commodities have been exported during the same period.

Earlier this year, Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh announced that the country plans to further increase its non-oil exports.

Iran plans to augment exports of its non-oil commodities to $50bln by the end of the current Iranian year, Nematzadeh said, addressing a ceremony for inauguration of an investment project in Tehran.

By Fars News Agency


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