$570m earmarked for facilitating exports

October 22, 2016

TEHRAN – The National Development Fund (NDF) of Iran has allocated 20 trillion rials (about $570 million) to provide facilities for the country’s exporters, IRIB reported on Thursday quoting Mojtaba Khosrotaj, the country’s deputy industry, mining, and trade minister.

Khosrotaj who is also the head of Iran's Trade Promotion Organization (TPO) made the remarks on the sidelines of Iran’s National Day of Export (October 20).

The official noted that the ministry is monitoring the payments being made through several banks.

The National Day of Export ceremony attended by President Hassan Rouhani was held in Tehran.

In the event the country’s top three exporters received badges of honor from the president and five leading exporters were also praised by the president.

According to Iran’s Custom Administration, the country’s non-oil exports reached $21.706 billion in the first half of this year, registering a 5.99 percent rise compared to the same period last year. 

EF/MA

Leave a Comment

1 + 3 =