Iran eyes to increase exports to neighboring countries
Baku, Azerbaijan, Aug. 31
By Elnur Baghishov - Trend:
Iran is aiming to increase exports of goods to neighboring countries up to $50 billion, Iranian Deputy Minister of Industry, Mine and Trade Hossein Modarris Khiyabani said, Trend reports citing Tasnim News Agency.
Khiyabani noted that the 15 countries surrounding Iran import goods in the amount of at least $1 trillion per year, and Iran is striving to supply 5 percent of their imports.
He added that necessary research has been done on the ways to increase Iran's exports.
Answering the question when Iran will reach this goal, Khiyabani said that Iran's Institute for Trade Studies and Research and Trade Promotion Organization are working on the matter to develop concrete programs.
"We hope to reach our goal by the end of 2020 (March 21, 2021)," he said.
In the first three months of the current Iranian year (March 21-June 21, 2019), four out of five main export destinations of Iranian goods were neighboring countries, including Iraq, the UAE, Afghanistan and Turkey, which accounted for $2.39 billion, $1.55 billion, $513 million and $382 million of Iran's exports, respectively.