TEHRAN, Iran, Aug. 11
Trend:
Iranian Acting Minister of Industry, Mines and Trade attributes part of the decline in the country's international trade in current Iranian year (started on March 20) to falling prices for export goods such as metals, petrochemicals and petroleum products.
At the same time, Hussein Modarres Khiabani expressed hope that by the end of the current Iranian year (March 21, 2021), $41 billion will be earned as export revenues, Trend reports citing Fars News Agency.
Modarres Khiabani noted that the increase in the foreign exchange rate will contribute to achieving this figure.
"Currently, we are under the most severe sanctions," he said adding that he is rather pessimistic about export boom due to the current economic sanctions and export barriers.
"Our shipping, banking and trade systems are subjected to sanctions, so we cannot expect expanding international trade relations with large countries such as Turkey, for example," the acting minister said.