Iran reveals volume of foreign trade

Business Materials 7 May 2020 19:29 (UTC +04:00)
Iran reveals volume of foreign trade

TEHRAN, Iran, May 7


Iran imported about goods worth 44 billion dollars and exported more than 41 billion dollars of non-oil products in 2019, despite all international sanctions and pressures, Iran's Minister of Economic Affairs and Finance said.

"Despite the most severe type of sanctions against the country, the volume of foreign trade in 2018 and 2019 was not much different,” Farhad Dejpasad said, Trend reports citing IRNA.

The minister of economy added that 85 percent of the country's total imports in 2019 were intermediate and capital goods and raw materials.

Dejpasad added that the country's agricultural sector has experienced good growth in recent years, despite all the difficulties.

He also noted improvement of the business environment in the country.

"Reducing the government's intervention in the economy is an important factor contributing to this process through the transfer of state-owned enterprises to the private sector,” the minister said.

"Government assets were temporarily transferred to the private sector via auctions adding that the transfers will be made through stock exchanges as much as possible in the future.

“The stock exchange ensures transparent and highly competitive environment,” Dejpasad said.