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Iran eyeing $23B chemical, cellulose exports by March 2018

Business Materials 25 June 2017 12:55 (UTC +04:00)

Tehran, Iran, June 25

By Mehdi Sepahvand –- Trend:

Iran expects to have exported chemical and cellulose products worth $23 billion by March 2018, according to Parvin Nabati, director of the Chemical and Cellulose Industries Department of the Ministry of Industry, Mine and Trade.

Over the last fiscal year (which ended March 20), the export of some of these products has witnessed 50 percent rise, she told Mehr news agency June 25.

According to Nabati, 19,700 chemical and cellulose production units are running in Iran.

The chemical and cellulose sectors are together responsible for 23 percent of Iran’s entire industrial export, she noted, adding they are also responsible for 31 and 18 percent of Iran’s industrial employment, respectively.

In addition, she said that Iran has lessened tariffs on Turkish-imported chemical and cellulose products from 30 to 5 percent in hope of helping the domestic industry.

She noted that last fiscal year, Iran exported 39 million tons of these products, worth $18 billion, showing 34.5 percent year on year increase.

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