Iranian exporters not willing to boost business

Business Materials 7 August 2013 11:28 (UTC +04:00)

Azerbaijan, Baku, Aug.7/ Trend R.Zamanov

Iranian exporters are not willing to boost their businesses due to the current problems, head of Tehran Chamber of Commerce Yahya Al-e Eshaq said on Wednesday.

Statistics show that the Iran's exports have faced severe decrease in the first quarter compared to the same period of time previous yea," the ISNA News Agency quoted Al-e Eshaq as saying.

Iran plans to export at least $60 billion of non-oil goods in the current calendar year (to end March 20, 2014), but Al-e Eshaq believes that the goal could not be reached unless the administration makes some big changes in the system.

"Other than external problems and sanctions, some internal issues such as taxes is also affecting Iran's exports," he said.

"The National Development Fund could help boosting the countries technical and engineering services exports in neighboring countries, especially Iraq," Al-e Eshaq said, adding that the administration has not used the National Development Fund's potential so far.

Iran's foreign trade was around $25.445 billion in the first four months of the current year, which started March 21.

According to Iran Customs Administration, the country's exports accounted for $12.536 billion of the mentioned amount.

Iran's non-oil exports faced 5.18 percent increase during the mentioned period, compared to the same period of time previous year.

It is while the country's imports decreased by 26.27 percent.

During the mentioned period, Iran exported 25.679 million tons of non-oil goods (including gas condensates) and imported 9.122 million tons of goods.

Iran had non-oil trade with 196 countries in the previous year.

The country's balance of trade with 97 countries such the United Arab Emirates, South Korea, Switzerland, turkey, and China was negative in the mentioned period, the ISNA News Agency reported on March 6.

Tehran's balance was also positive with 99 countries, including Iraq, Afghanistan, India, Turkmenistan, and Pakistan.

The balance of trade, or net exports, is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports.