He made the remarks on Sunday at the 2nd National Day of Exports, Insurance and Investment and added, “three-month trade statistics of the country showed that Iran imported $10.2 billion worth of products in the same period, showing an 8.7 percent decline as compared to the last year’s corresponding period.”
Accordingly, trade balance of the country in this three-month period in the current year (March 2 – June 21) turned positive, he stated.
Modoudi pointed to the significance of production capacities and export products to finance export and added, “the country gained plenty of foreign exchange resources for many years but these resources were not spent appropriately for promoting export of non-oil commodities.”
He put Iran’s share of gross domestic product (GDP) in the world at 1.2 percent which is meager.
Islamic Republic of Iran enjoys high capacities and potentials to boost exports volume of non-oil commodities, Modoudi emphasized.
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