News ID: 319609
Published: 0302 GMT January 23, 2022

TPO chief: Iran’s annual exports to fetch $45b by March 20

TPO chief: Iran’s annual exports to fetch $45b by March 20
IRNA
President of Iran’s Trade Promotion Organization Alireza Peyman-Pak addresses a press conference in Tehran on Jan. 23, 2022.

Domestic Economy Desk

The value of Iran’s annual exports is expected to reach $45 billion by March 20, said the head of the country’s Trade Promotion Organization (TPO).

Alireza Peyman-Pak, who is also the deputy industry, mine and trade minister, made the remark on Sunday in an address to a press conference on the country’s foreign trade, adding that since the beginning of the current calendar year (which started on March 21, 2021), Iran has exported products worth $40 billion, IRNA reported.

He noted that the rise in the country’s overseas sales is an outcome of Iranian officials’ greater attention to the foreign trade sector and removing the obstacles faced by traders and exporters.

Iran has recently been faced with challenges for exporting products to Afghanistan and Turkey, which once overcome, the country will witness a growth in its overseas sales, the TPO chief added.

He stressed that the TPO and Trade Ministry place great emphasis on the quality of Iran’s export products, saying rejection of exported items from a destination does not take place solely for Iranian products, as, annually, a large number of agricultural crops are either returned or obliterated by importing countries, such as the Persian Gulf littoral states and Russia, due to being infected with aflatoxin. 

The deputy minister put at between two to three percent the annual rejection rate of Iranian products, noting that the country’s producers are expected to adopt a more export-oriented approach and do their best to live up to international standards.

 

Russia trade

 

Turning to Iranian President Seyyed Ebrahim Raeisi’s recent two-day visit to Moscow and its outcomes, Peyman-Pak said the administration is doing the follow-ups on boosting exports to Russia.

“Our studies show that we can increase the value of exports to Russia to $7.5 billion per year by 2025. Currently, sales to Russia stand at less than $500 million. Efforts are underway to raise the figure to between $700 million and $750 million by March 20.”

He put Russia’s annual imports at between $250 billion to $300 billion, saying of this figure, $8 billion pertains to the country’s purchases of agricultural crops and related industries, $40 billion to imports of foodstuffs, $1.5 billion to fisheries imports, particularly trout from Iran, and the rest to tile, ceramic and construction materials. 

“Although Russia is an oil-rich country, its petrochemical industry is not a developed one, making it an importer of such products. Iran can also export bags and shoes to the country.”

The Iranian president arrived in Moscow on Wednesday and met with his Russia counterpart Vladimir Putin on the same day.

After arriving in Tehran from Moscow at the end of his two-day trip, Raeisi said Iran and Russia reached “fundamental agreements” on expanding all-out bilateral relations to secure mutual interests, according to Press TV.

He added the two sides discussed steps to challenge the dominance of the U.S. dollar and continue trade in their national currencies.

“Our oil minister had good agreements with Russian energy officials, the effects of which will emerge later,” the president said, adding that good agreements were also reached on removing obstacles to boosting trade relations.

However, the level of trade relations is “not acceptable”, the president stressed.

“We decided to increase the level of trade between the two countries to $10 billion in the first stage,” President Raeisi noted.

“In the field of agriculture, there were also good discussions that would lead to real exchanges of agricultural products,” he said.

In the field of transportation, the two sides decided to advance the International North-South Transport Corridor, which will facilitate transportation and greatly reduces its time, the president added.

 

 

 

 

   
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Resource: IRNA
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