News ID: 316294
Published: 0132 GMT September 14, 2021

Gov’t sets target to double non-oil exports income

Gov’t sets target to double non-oil exports income
IRNA

The Iranian Ministry of Industry, Mine and Trade has devised a new plan to double the country’s annual income from the export of non-oil products, the government announced on Tuesday.

During a meeting of the government’s Economic Coordination Headquarters, President Seyyed Ebrahim Raeisi and his economic team discussed the modification of trade and currency policies and ways to boost non-oil exports.

According to a plan formulated by the Ministry of Industry, Mine and Trade, a target was set to increase the annual income from the export of non-oil commodities, from $35 billion to $70 billion, Tasnim News Agency reported.

The initiative spells out how the income could rise with a reform of the export regulations and structures, the high-tech and knowledge-based products’ bigger share in exports, and stronger support for border markets.

Speaking at the meeting, Raeisi called on the Industry Ministry and Agriculture Ministry to look for short-, mid- and long-term plans in order to settle the problems affecting the livelihoods of the people.

The president also urged the cabinet ministries to coordinate strategies and publicize their “transformation plans” prepared in cooperation with experts and economic activists.

In an address in February 2020, Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei stressed the need to stop the Iranian economy’s dependence on oil, saying, “I saw in reports that they (in the West) recommend preventing Iran from achieving a non-oil economy. Among themselves, it is said that they should not let Iran experience a non-oil economy. They recommend that they should develop a secret means – if they don’t want to remove the sanctions – to find a way to prevent Iran from becoming completely independent of oil exports because, if Iran becomes independent, it will develop a non-oil economy.”

 

 

   
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