Iran’s oil, non-oil revenues have to vie: minister

Davud Danesh-Ja’fari added, “We have to expand our non-oil exports to change oil-dependent economy.”

Referring to 50 percent rise in export, he said that Iran exported $16.3 billion worth of products in last Iranian calendar year (ended March 20, 2007).

He said that the country witnessed only 4 percent rise in imports last year, indicating proper conditions for exports.

Attending the introduction ceremony of Kurosh Parvizian, the new head of Export Development Bank of Iran (EDBI), Danesh-Ja’fari added that the bank plays a key role in exports sector.

The official called for more cooperation of domestic producers and banks to boost non-oil exports.

Facilitating the executive process for exporters and focusing on price reduction for both exporters and producers are the strategies which will be performed in the EDBI, said Parvizian.

NK/KK

END

MNA