Iran’s exports overtake imports

TEHRAN (ISNA)- Iranian Minister of Industry, Mine and Trade Mohammad-Reza Nemat-Zadeh said that the country’s exports overtook imports.

Iran’s exports stood $1 billion higher than imports in the first month of Iranian calendar year, (which started on March 20, 2016).

Governor of the Central Bank of Iran, Valiollah Seif announced that after implementation of the nuclear deal, Iran plans to invest in the production of goods and export to countries in the region.

He added that Iran believes that implementation of the JCPOA constitutes an opportunity to expand cooperation with European banks.

He said that Iran’s central bank focuses on strengthening existing relations and financial exchanges.

Statistics issued by Iran’s Customs reported in February showed that Iran has reached the value of trade exchanges with various countries around to $75.835 billion during the past 11 months.