Tehran, Iran, Dec.13
Trend:
Iran's economic and trade relations, in particular with neighbors, are so close that are not affected by US sanctions, Mirhadi Seyedi, Director General of Iran`s Trade Development Organization said, Trend reports via IRNA.
"It can be said that these sanctions have even strengthened the foundations of production and export power of the country," Seyedi said, referring to a 13.3 percent increase in exports in recent 8 months compared to the same period last year.
"Over the past 40 years, Iran's non-oil exports have increased over 100 times, and in order to increase exports, we need to invest in the export industry and pay attention to competition in the global market," he said.
"To support the export sector, $ 2 billion worth of credit has been allocated from the currency reserve fund. Some $300 million is allocated for foreign exhibitions, helping the exporters to attend exhibitions, and providing part of the costs of the exporters' marketing activities from the Trade Development Organization's credits,” he said.
"So far, part of these credits has been provided and it is expected that by the end of the Iranian year (March 21, 2019) more resources will be absorbed to provide more support for developing export," said Seyedi.