News ID: 316938
Published: 0331 GMT October 09, 2021

TPO plans to develop Iran’s non-oil exports

TPO plans to develop Iran’s non-oil exports

Head of Iran’s Trade Promotion Organization (TPO) said the body has plans for developing the country’s non-oil exports.

We make our efforts to boost Iran’s non-oil exports by improving the logistics sector and preferential tariffs as well as by reforming laws, regulations, and structures in the trade advisory sector, IRNA quoted Alireza Peyman Pak saying on Saturday.

According to the plans, he said, priorities have been set for the export target markets to increase the country's exports by $35 billion over the next four years.

He added that in countries such as Venezuela, with which Iran has close financial ties, a mechanism has been devised for barter trade of priority goods, including home appliances.

“Considering the fact that most of the countries are promoting domestic production in recent years, we are also considering the exports of parts and even joint production of some products in the coming years,” Peyman Pak added.

To support non-oil exports during the sanctions and the coronavirus pandemic, the Iranian government has defined some new strategies, pursuing them vigorously.

The major strategy is to focus on the neighboring countries and the trade partners in the region, and it is, in fact, one of the top priorities of the government for defying the US sanctions.

In April, Iran’s Supreme Council of Non-oil Exports Promotion approved new regulations for facilitating the country’s non-oil trade, especially with the neighboring countries, in the current Iranian year (started March 21).


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