The report also indicates that Iran’s active balance of current trade, in 2005, would enjoy considerable rise of 3.7% or $18.5 billion, compared to the same period last year. This would place Iran second to Saudi Arabia, with the current balance sheet of active trade at $60 billion, in the whole region. However, the World Bank anticipated that Iran would experience a reduction in 2006; that is the total value of exports both in commodity and service sectors will stop at $60 billion. Furthermore, the North Africa and ME regions total active trades will move up from $438 billion in 2004 to $451 billion in the current year, of which, Saudi Arabia and UAE will have a share of $144 billion and $69 billion respectively, ranking first and second.
According to the report released by the World Bank, Egypt’s total value of commodity and service exports would be at $33.4 billion this year, while Jordan, Morocco, and Tunisia shares of this market would be of $5.7b, $18.6b, and $13b respectively.
Other statistics released by the World Bank, anticipate that Algeria, Syria, Yemen, Bahrain, Kuwait, and Oman activities in this sector, would be $35.7b, $9.7b, $6b, $11.5b, $33b, and $18b respectively in the current year.
ML/MA
END
MNA
Your Comment