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President: Iran Plans to Increase Non-Oil Exports to $45B

Source: Fars News Agency; photos by Hamid Forootan, ISNA

Iranian President Mahmoud Ahmadinejad underlined Iran's capability to further decrease the country's dependence on oil in budget revenues, and said Tehran plans to boost non-oil exports up to $45bln in the current Iranian year (started on March 21).

Ahmadinejad made the remarks in a Thursday ceremony for the launch of a number of industrial projects in Eastern Azerbaijan province, Northwestern Iran.

President Ahmadinejad went on to say that Iran's non-oil exports surpassed $30bln in the previous Iranian calendar year (ended March 20).

Iran had earlier announced that it plans to boost its non-oil exports to $80bln within the next five years.

According to a cabinet approval signed and issued in March by a number of cabinet ministers who are also members of Iran's High Council for the Promotion of Non-Oil Exports (HCPE), the country's non-oil exports in the current Iranian year will raise to $43bln out of which $31bln will be gained through exporting goods and $12bln through exporting services.

The approval also predicted a gradual growth for Iran's non-oil exports, and said the country's non-oil exports will increase to $43bln, $50.5bln, $59bln, $69bln and $80bln in the next five years, respectively.

According to official reports, Iran's non-oil products are exported to 160 countries of the world. China, Iraq, United Arab Emirates, India, Afghanistan, Turkey, Pakistan, Taiwan, the Republic of Korea and Belgium are the main destinations and markets of the Iranian products.

... Payvand News - 07/14/11 ... --

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