Minister: Iran's exports to African countries - insignificant

Business Materials 6 May 2019 15:04 (UTC +04:00)

Tehran, Iran, May 6


Iran's Minister of Industries, Mine and Trade Reza Rahmani has indicated that the country's exports' volume to African countries is insignificant and requires more planning.

"There is good potential for Iran with African countries, but the exports to these countries are insignificant," he said, Trend reports citing IRNA.

The official noted the necessity of infrastructure for exports.

"In this regard, the government has deficiencies, and there are problems in trade negotiations that should be resolved," he said.

Referring to Iran's exports volume to neighboring countries, Rahmani noted the $9 billion worth of exports to Iraq and $2.6 million worth of exports to Afghanistan.

“Developing exports requires Iran to have its infrastructure reformed, however the consuming goods cannot be exported at a time when the local people are using them."

"Considering the foreign exchange policy, it’s necessary to form a joint group between parliament and the government and review its flaws," he said.

"If infrastructure for exports is important, then a specific budget should be assigned to this, and the MPs should help the existing problems," said Rahmani.

Iran has exported $44.4 billion worth of non-oil products, while it has imported $42.6 billion worth of products during the last Iranian year (started March21, 2018).