Iran plans to double exports to neighboring countries by 2021

April 13, 2019

TEHRAN - Iranian industry, mining and trade minister said the country plans to double its exports to the neighboring countries by the Iranian calendar year of 1400 (which starts in March 2021), Tasnim news agency reported on Friday.

According to Reza Rahmani, currently the value of exports to the neighboring countries stands at $25 million and it should increase to at least $50 million in two years.

Mentioning the fact that only two percent of the total imports of Iran’s neighbors comes from the Islamic country, Rahmani noted that his ministry is going to focus on developing domestic production and defining new projects to manufacture all the industrial equipment needed inside the country.

The official further pointed to some of the potent areas which could be worked on in order to increase exports including home appliances, apparel industry, petrochemicals, and marine industries, basic metals such as steel, aluminum and copper as well as agriculture.

EF/MA

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