Tehran, Iran, July 19
By Mehdi Sepahvand -- Trend:
The volume of trade will surely increase after the nuclear deal, and priority will be given to chemicals, petrochemicals, minerals like steel, copper, and precious metals, as well as cars, Iranian Minister of Industry, Mine, and Trade Mohammad Reza Nematzadeh said.
He added that Iran and some other countries have prepared contracts which will be signed immediately after sanctions on Iran's economy are lifted, Tasnim news agency reported July 19.
"Car prices will not lower, because they are set by Council on Competitiveness. But if foreign currencies are depreciated, car prices will lower as well," he further said.
Nematzadeh said that the Ministry of Industry, Mine, and Trade is going to prioritize investment in technology, especially areas where improvement is needed most.
Iran expects to be freed from sanctions when its recently achieved nuclear deal is signed into a resolution by the UN Security Council, which will annul previous sanctions.
Iran's economic relations with the world suffered greatly under the sanctions.
Iran's trade turnover during the past Iranian fiscal year (ended on March 20) surpassed $150 billion.
Nematzadeh also put the figure of the country's imports at $50 billion in an interview to state-run IRINN TV March 19.