Market expansion Iran’s top priority in post-sanctions economy

July 9, 2017 - 9:9

TEHRAN- Addressing a ceremony on the occasion of Iran’s Industry and Mine National Day on Saturday, Iranian First Vice President Es’haq Jahangiri referred to market expansion as administration’s top economic priority in post sanctions era, IRNA reported.

“To overcome unemployment, the 80-million-people Iran should set other markets than its own”, Jahangiri said in the ceremony held at Tehran’s Summit Conference Hall.
Naming attraction of foreign investments as government’s second priority, the VP added that sanctions removal has played a significant role in attraction of foreign investments.
He, elsewhere, referred to the newly signed agreement with the French company Total on the expansion of South Pars gas field, saying that prominent international companies are inclined to commence their activities in Iran.

Industrial sector grows above 6.5% in a year

During the past Iranian calendar year (ended on March 20, 2017), Iranian industry sector grew more than 6.5 percent, the other Iranian senior official, Industry, Mining and Trade Minister Mohammadreza Nematzadeh announced making remarks at the same ceremony. 
As he added, during the past four years, 20,000 new industrial units have been established and within the past two years, exports of industrial products have surpassed their imports. 
“During the past four years, more than one million jobs have been created in industry, mine, and trade sectors, and 450,000 new jobs are to be created by the end of the present Iranian calendar year (March 20, 2018)," he added.

HJ/MA 
 

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