Iran News ...


01/21/12

Iran exports $3.2B worth of technical services

Source: Islamic Republic News Agency

The head of export development for Trade Promotion Organization of Iran has said more than US$ 3.2 billion worth of technical and engineering services has been exported over past 10 months.

Sohrab Salimi announced that the export of USD 3.3 billion worth of technical and engineering services abroad over past Iranian year.

'Venezuela was the main destination for the export of Iranian technical and engineering services for the above-mentioned period of time and USD 1 billion worth of such services were exported to the country by Iran,' he added.

'Iran is aiming to increase the annual export volume of its technical and engineering services to USD 4 billion by the end of the current Iranian calendar year (ending March 19),' Salimi underlined.

He noted that Iran's neighboring countries lag behind in terms of promotion of export as compared with Iran in the field of technical and engineering services.

'Tajikistan, Azerbaijan, Oman, North and South Sudan, Ghana, Kenya, Iraq and Pakistan were the major destinations for Iranian technical and engineering services,' the head of export development for Trade Promotion Organization expressed.

Iran mainly executes road construction, housing construction, and power projects overseas.

About 66 Iranian companies which are active in the field of industry and mines are in charge of different projects in 27 countries. Most of the operating firms belong to the private sector.

In Iran, in 1994, serious attention was paid to the export of engineering and technical services and the government was obliged to create necessary facilities for presence of Iranian companies and institutions in the world markets and export of their technical and engineering service, supervise the export of these services and prepare the executive regulations accordingly.

Presently, developing countries are utilizing all their resources to increase the exports of services, especially by developing their tourism industry. Countries such as China, India, Singapore, Thailand, Turkey, Malta, Philippines, Morocco, Madagascar, Tunisia, Egypt, Mexico and... have succeeded in achieving exemplary success in this field. In addition to tourism, they have also made rapid strides in export of other services such as transport, communication, consultant services, insurance, banking, advertising, contracting and technical-engineering services.

It should be noted that contrary to exports of goods, the growth of which is restricted by tariff regulations, on many occasions, the export of services faces difficulties that have been created by bureaucratic and cumbersome rules and regulations for domestic and foreign contracting activities.

... Payvand News - 01/21/12 ... --



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