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Iranian official urges banking sector cooperation

Business Materials 3 October 2012 10:44 (UTC +04:00)
Iranian exporters criticize the banking sector for providing them with financial facilities, a Trade Promotion Organization of Iran official stated.
Iranian official urges banking sector cooperation

Azerbaijan, Baku, Oct.1/ Trend F.Milad/

Iranian exporters criticize the banking sector for providing them with financial facilities, a Trade Promotion Organization of Iran official stated.

"They are facing with limitations. So, the banking sector should devise solutions for expanding exports," Mahmoud Bazari told the IRNA News Agency.

On August 5, the Iranian finance and economic affairs minister said Iran conducted economic transactions with 150 countries in the last calendar year.

Shamseddin Hosseini said Iran continues trading with the world at a time when certain countries are trying to put hurdles in front of its economic progress, the minister said.

Iran's annual trade turnover is projected to reach $160 billion by the end of the fifth five-year development plan (March 2016), a TPOI official 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.

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