News ID: 315671
Published: 0135 GMT August 23, 2021

Trade Ministry allocates over $452m to export facilities

Trade Ministry allocates over $452m to export facilities

The Iranian Trade Ministry allocated about 19 trillion rials (about $452.3 million) of facilities to export-oriented production units during March 21-July 31, showed figures released by the ministry.

The facilities were paid under the framework of the government’s non-oil export support package which is allocated to finance and support export-oriented production units, IRNA reported.

Under the said framework, the facilities are allocated to achieve export goals and also to provide the needed capital to the units.

Applicant units for these facilities can register and submit their applications on a website established for this purpose.

Promoting exports in line with the support of domestic production has been one of the main strategies of the Ministry of Trade over the past two years.

In this regard, the trade policies of the ministry for the current Iranian year have been mainly focused on the development of production, employment, and developing non-oil exports and eventually entering new markets.

According to the Central Bank of Iran (CBI), the banking system has paid 4.976 quadrillion rials (over $118.4 billion) of facilities to domestic economic sectors in the first three months of the current Iranian year (March 21-June 21), registering a 71.3-percent rise from the same period in the previous year.


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