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Iran's 6-month imports from U.S. stands at $37M

Source: Tehran Times

Iran imported 19,700 tons of products worth over $37 million from the U.S. in the first half of 2015, according to the Trade Promotion Organization of Iran (TPOI). The TPOI released a list of 119 products, mostly consisting of chemical raw materials, medicine, medical equipments and some other goods that are not produced in Iran, according to the IRNA news agency.

The Iran-U.S. trade totaled $182.1 million in 2014, with one hundred percent of the sum related to the U.S. exports to Iran.

The value of trade between Iran and the U.S. dropped 42 percent in 2014 from 2013.

On October 31, Iranian Industry, Mining, and Trade Minister Mohammadreza Ne'matzadeh said the ministry's strategy is to ban imports of consumer goods from the U.S.

The ministry's strategy is to promote domestic production and to curb imports of foreign goods, especially from the U.S, he added.

"We always encourage people to consume domestically-made products", the minister noted.

He stressed the need to take advantage of domestic production capacity, saying that the culture of using foreign-made goods should be changed.

This will lead to the creation of jobs and income for the youth, the minister added.

... Payvand News - 11/04/15 ... --

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