News ID: 291673
Published: 0314 GMT March 17, 2021

Annual foreign trade in Iran to hit $70b: Official

Annual foreign trade in Iran to hit $70b: Official

The value of Iran’s foreign trade in the year ending on March 20 will reach $70 billion, an official said.

The head of the Trade Promotion Organization of Iran said at a meeting of exporters that the value of the country’s foreign trade in the current Iranian year (March 2020-March 2021) will hit $70 billion after the clearance of shipments, reported Tasnim News Agency.

Hamid Zadboum praised the country’s success in preserving the flow of exports and imports under the tough sanctions and economic war imposed by the US.

He noted that the administration and the Parliament are resolved to keep supporting the export of non-oil products in the next Iranian year.

The governor of the Central Bank of Iran had announced in January that Tehran had adopted such plans that domestic production and foreign trade would not be harmed even if the sanctions are kept in place.

Abdolnaser Hemmati emphasized that Iran would never return to previous conditions because of the central bank’s policies, ongoing plans, tools designed to handle the situation, and monetary policies to eliminate the budget deficit.


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