Iran’s agricultural business climate improves by $220M
Tehran, Iran, Oct. 5
The business climate in Iran’s agriculture sector has improved by $220 million in one year, according to Deputy Minister of Agriculture for Trade Ali Akbar Mehrfard.
Mehrfard said that while two years ago (Iranian year starts in March) Iran’s agricultural trade balance had stood at -$1.8 billion, last year it improved to -$1.5 billion, IRIB news agency reported Oct. 5.
He added that since 2013, Iran has saved some $5 billion in agriculture by reducing imports and increasing exports.
Iran’s economic growth stood at 4.4 percent for the first quarter of the current Iranian fiscal year (since March 20), 3.1 percent of which accounted for agriculture, the deputy minister said.
In the meantime, the growth of added value stood at 5.4 percent, whereas it was 5.1 percent in the same period of the previous year, he noted.