Iran’s non-oil exports up over past 10 months: minister

Bandar Abbas, Jan 26, IRNA – Finance Minister Farhad Dejpasand said on Friday that Iran’s non-oil exports has increased over the past ten months up to January 20 and 85 percent of its imports pertain to raw materials.

Addressing a gathering of Hormuzgan province’s business persons and investors late on Friday, the minister said the enemies were unable to lower Iran’s oil exports down to zero, as the oil sales continue as before.

Stressing the need for using capacities of the free zones, he added that profits from economic progress in the zones should be injected to the country’s economy.

Referring to the country’s positive trade balance of 900 million dollars in the current Iranian calendar year, he said, “This has not taken place because of a decline in imports; rather due to increase in exports and this is very meaningful.”

Describing smuggling as the major challenge facing the local investors and producers, Dejpasand added that smuggling deals heavy blows to the country’s economy.

“To counter smuggling, we are trying to help customs houses to use modern technologies,” he said.

Elsewhere in his speech, the minister said that one of the golden opportunities in Hormuzgan is attracting foreign investments which should be used optimally.

Hormuzgan Province boasts numerous economic capabilities, as it can turn into the country’s economic bezel, he said.

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