Iran News ...


8/18/05

Iran records positive trade balance with 100 countries

Tehran, Aug 17, IRNA-Number of countries with which Iran has had positive trade balance rose to 100 in the 2003-04 fiscal from 56 in the 1995-6 fiscal.

In an analytical report, the Economic News Desk of IRNA said Iran owes its success to its active economic diplomacy, efficient foreign trade and attempts to prepare a proper ground for promotion of non-oil exports.

Furthermore, Commerce Ministry doubled efforts in the period for Iran's accession to the World Trade Organization (WTO).

The Ministry has had regular talks with other countries, especially the EU members, through international organizations to meet the goal.

Eventually Iran's 22nd call for the WTO membership was welcomed.

Moreover, Iran has has active and effective presence in such specialized and international trade organizations as D8 and signed trade agreements with more than 51 countries in the period.

Furthermore, Iran took positive steps in the 1997-2002 period for promotion of the non-oil commodity exports.

In the period under study, government provided the exporters with price support and voluminous letters of credit.

The government also improved the banking system in the years under study, making the banking business further competitive.

The exporters of goods and services were also exempted from tax payment and the ones having positive track record in terms of generating higher value-added were awarded.

All these can be mentioned as the proofs for government's shinning performance in the Second (1995-2000) and Third (2000-05) Five-Year Economic Development Plans.

... Payvand News - 8/18/05 ... --



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