Iran eyes to create 1 million job spots by increasing exports to neighbors

Business Materials 15 April 2019 10:00 (UTC +04:00)

Tehran, Iran, April 15


Iran's Minister of Industry, Mining and Trade Reza Rahmani has announced that last year (ended on March 21), Iran's non-oil exports to neighboring countries amounted to about $25 billion, which is 2 percent of the volume of the neighboring countries imports.

“If Iran increases this figure to 5 percent, one million steady jobs will be created,” Rahmani said during a meeting with Iran's economic minister and the representatives of Iran's Central Bank in the parliament, Trend reports via ISNA.

“Maintaining the level of domestic production on the last year's level requires around $85.7 billion of working capital,” said Rahmani.

According to him, the improvement of the business environment is a cross-industry issue, but the main responsibility lies with the Ministry of Economic Affairs and Finance.