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Iran's Non-Oil Exports Up by 42%

Service : Economy
TEHRAN, July 11 (ICANA) – Iranian President Mahmoud Ahmadinejad announced that the country's non-oil exports increased by 42% in the first three months of the current Iranian year (March 21 to June 21, 2011).
Monday, July 11, 2011 10:03:37 PM
Iran's Non-Oil Exports Up by 42%

"Iran's non-oil exports experienced a 42% growth in the last three months," Ahmadinejad said in a cabinet meeting on Sunday.

He also reiterated that if Iran continues the current trend of growth, the country's non-oil exports will reach $45bln by March 2012.

"This will be a great event aspired by many," Ahmadinejad said.

Earlier, Iranian First Vice-President Mohammad Reza Rahimi had underscored that Iran has the capability to further decrease the role of oil in its budget revenues, and said Tehran plans to boost non-oil exports to $45bln this year.

"Creating 2.5mln job opportunities all across the country and increasing Iran's non-oil exports to $45bln are on the agenda of the government (this year)," Rahimi said in the Northern province of Semnan in May.

Stressing that attaining the aforementioned goals needs hardworking and industriousness of the people and government, the Iranian vice-president praised Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei's initiative in naming the Iranian new year (March 21, 2011 to March 20, 2012) as 'the Year of Economic Jihad'.

In a Nowrouz (Persian New Year) congratulatory message Ayatollah Khamenei called for concerted efforts by the Iranian nation and officials to prepare the grounds for a decade of economic growth.

Iran had earlier announced that it plans to boost its non-oil exports to $80bln within the next five years.

According to a cabinet approval signed and issued in March by a number of cabinet ministers who are also members of Iran's High Council for the Promotion of Non-Oil Exports (HCPE), the country's non-oil exports in the current Iranian year will raise to $43bln out of which $31bln will be gained through exporting goods and $12bln through exporting services.

The approval also predicted a gradual growth for Iran's non-oil exports in coming years, and said the country's non-oil exports will increase to $43bln, $50.5bln, $59bln, $69bln and $80bln in the next five years, respectively.

According to official reports, Iran's non-oil products are exported to 160 countries of the world. China, Iraq, United Arab Emirates, India, Afghanistan, Turkey, Pakistan, Taiwan, the Republic of Korea and Belgium are the main destinations and markets of the Iranian products.

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