Iran’s export capacity to neighbors stands at $20b

IRNA – Iran’s export capacity to neighboring states currently amounts to 20 billion dollars and increasing the figure requires serious involvement of big Iranian companies in the markets, said a member of Chamber of Commerce, Industries, Mines and Agriculture on Sunday.

Hamid Hosseini added that raise in foreign exchange rates has consequences but it can pave the way for a sharp rise in exports.

Exports to neighboring states have increased by at least 15 percent, as in the first four months (starting March 21) exports to Iraq increased by 25 percent.

He also stressed that fall in national currency value can have positive consequences, saying that China has taken measures to reduce its national currency value to gain competition power for exports.

He maintained that keeping stable the currency rate will reduce competition power of the country in exports market.

Noting that Iran boasts of desirable export potentials in the fields of industry, agriculture, foodstuff and technical services, he said that the country has since a long time ago exported items such as carpet, pistachio and caviar as well as luxury goods.