Exports hit new record in Iran
Baku, Azerbaijan, Dec. 8
By Elnur Baghishov - Trend:
Despite the US sanctions, Iran’s exports hit a new record and exceeded $31 billion in eight months of this Iranian year (started March 21, 2018), Trend reports citing Deputy Chairman of Iran’s Trade Promotion Organization Mohammad-Reza Modudi.
He was speaking at the ceremony of awarding exemplary exporters in Iran’s Khuzestan Province, according to the website of the Trade Promotion Organization.
He noted that the US sanctions aim to increase Iran’s foreign currency expenditures and reduce the country’s foreign exchange earnings.
The Iranian government wants to create solutions for the foreign currency’s return to the economic turnover by making decisions favorable for exporter, he said. The main reason for limiting exports of 1,180-1,300 items is to create conditions for the return of the foreign currency to Iran’s economic turnover, he added.
“Over the past four decades, Iran’s exports have increased by 10,000 percent,” he said. “Iran’s Trade Promotion Organization is following an important strategy. Expansion of export megaprojects with the participation of the private sector is the priority in this strategy.”