Azerbaijan, Baku, Jul.15/ Trend F.Milad/
The plans are underway to form four industrial estates at borders with Turkey, Iraq, Turkmenistan and Afghanistan, head of the Iranian Organization of Industrial Estates Fakhrollah Molaee said.
Fakhrollah Molaee told the IRNA News Agency on Saturday that the industrial estate with Turkey is being established and negotiations are underway to establish the three others.
The measure is a way to deal with economic sanctions of the West, he said, adding that it will also contribute to the expansion of non-oil exports.
Iran's annual trade turnover has been envisaged to reach $160 billion by the end of the fifth five-year development plan (March 2016), official at the Iranian Trade Promotion Organization (TPOI) Kiyumars Fathollah Kermanshahi said in May.
Kiyumars Fathollah Kermanshahi added that the value of annual imports and exports are planned to reach $77 billion and $83 billion respectively by 2016, the IRNA News Agency reported.
Iran has scaled up its trade with 160 countries in the past calendar year, which ended on March 19, despite being embattled with global economic sanctions, head of the Customs Administration Abbas Memarnejad said in April.
Abbas Memarnejad said the non-oil trade balance decreased to $17.9 billion last year from $30.5 billion the year before, the IRNA News Agency reported.
He added that exports rose by 28 percent year on year, while imports fell by four percent.
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