BAKU, Azerbaijan, Oct. 13
By Elnur Baghishov – Trend:
Iran has allocated a total of 40 trillion rials (about $952 million) to support non-oil exports in the country for the current Iranian year (March 21, 2021 through March 20, 2022), Deputy Minister of Industry, Mine and Trade of Iran, and Head of the Trade Promotion Organization of Iran (TPOI) Alireza Peymannik said, Trend reports citing the organization’s website.
“Of this amount, 20 trillion rials (about $476 million) has been allocated by the National Development Fund of Iran, while the remaining 20 trillion rials (about $476 million) by Iranian banks,” Peymannik noted.
The deputy minister added that special meetings will be held in the coming days to begin issuing loans.
According to him, in the field of foreign trade, Iran intends to develop the export of non-oil products, as well as products of startup companies. At present, the value of each ton of Iranian exports varies between $300-$400.
Iran exported 60 million tons of goods worth $21.8 billion during the first six months of the current Iranian year (March 21 through September 22, 2021).
Iran's exports increased by 61 percent in terms of value and 30 percent in terms of volume, compared to the same period last Iranian year.
In addition, Iran imported 19.1 million tons of goods worth $23.1 billion within the mentioned period. Iran's imports increased by 37 percent in terms of value and 15 percent in terms of value, compared to the same period last Iranian year.
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