TEHRAN, July 3 (MNA) – The World Bank, in its latest report and projection on the North African and Middle East countries total trade exchange, has anticipated that total value of Iran’s commodity exports and services would be up by 63 billion and 100 million dollars in the current fiscal year of 2005, Fars News Agency reported.

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.






News Code 11864

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