TEHRAN - Iran conducted economic transactions with 150 countries in the last calendar year, which ended on March 19, the finance and economic affairs minister says.
In an interview with IRNA news agency published on Sunday, Shamseddin Hosseini said of this number 80 countries transited their products through Iran.
Iran continues trading with the world at a time when certain countries are trying to put hurdles in front of its economic progress, the minister said.
Iran’s annual trade turnover is projected to reach $160 billion by the end of the fifth five-year development plan (March 2016), an official with the Trade Promotion Organization of Iran (TPOI) said in May.
Kiyumars Fathollah Kermanshahi added that the value of annual imports and exports are planned to reach $77 billion and $83 billion respectively by 2016.
Customs Administration director Abbas Memarnejad said in April that the non-oil trade balance decreased to $17.9 billion last year from $30.5 billion the year before.
China, the UAE, and Iraq were the main destinations for the Iranian goods, while the UAE, China and South Korea were the main exporters to Iran last year.
Economy Minister also said to counter some of the obstacles created to stop the transfer of money or goods, Iranian consumers are expected to buy domestically.
“Goods produced at home should replace foreign products.”
Subscribe to our RSS feed to stay in touch and receive all of TT updates right in your feed reader