Minister: Iran has special plan for its mining sector

Business Materials 14 May 2019 09:32 (UTC +04:00)

Tehran, Iran, May 14


Iran's Minister of Industry, Mine and Trade Reza Rahmani has indicated that export is the solution for the current situation in the country.

"Iran's share in the imports of neighboring countries this year stood at only 2 percent, which is very little. Russia can be vase for Iran's exports, but the volume of exports to this country in the current Iranian year (started March 21,2018) was only worth some $300 million," he said, Trend reports citing ILNA.

"The exports volume should increase according to needs of neighbor countries, it would effect employment and production," Rahmani added.

"Small-time production would defiantly resolve the basic problems including unemployment, inflation and heavy costs," he added.

Referring to production in industry, mine and agriculture sectors he said that the major problems in the country will be resolved, if investments are made in these sectors, as currently the value of mineral products is $20 billion per month.

"Carpet export is another domestic industry, like the mining sector, that can solve some problems. Also, Iran exported $1.3 billion worth of petrochemical and chemical products to Iraq, and we have a special plan for the mining sector next year," he said.