14727
Barter Deal With Venezuela
Economy, Domestic Economy

Barter Deal With Venezuela

Head of Iran’s Trade Development Organization (TPO) Valliollah Afkhamirad, announced on Friday that Iran and Venezuela have sealed a deal on barter trade, inviting the Iranian food and medical manufacturers to boost their presence in the Venezuelan market.
“In a meeting attended by the head of the Central Bank of Iran (CBI) and the industry minister, we agreed to export to Venezuela the goods it needs, while Caracas has also expressed readiness to do barter trade with Tehran,” Afkhamirad was quoted by ISNA as saying.
He further said that one of the main objectives of the TPO during the current year (started March 21) is to upgrade Iran’s trade relations with countries in the region and beyond, noting, “We are trying to increase the volume of trade based on bilateral and multilateral MoUs that we have been signing with other countries.”
He said that the current year has been dubbed “year of non-oil exports”, expressing hope that Iranian manufactures will make every effort to help the government achieve its goal of boosting non-oil exports.
The Iranian government is trying to generate new sources of income mainly through non-oil exports that can be replaced with its traditional revenues from oil – a shaky source of income that has proven time and again to be very susceptible to international volatilities.
Based on government projections, revenues from non-oil exports, including the export of services, should reach $77 billion by the end of the current Iranian calendar year. According to the plan, the value of exports of goods is expected to reach $61.1 billion, while exports of services are to generate more than $15.6 billion.

Short URL : http://goo.gl/39ye0v

You can also read ...

Iran Missing Advantages of Foreign Banks’ Presence
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
Oman Eyes Iran Market Amid Rising Imports
Ithraa, Oman’s inward investment and export promotion agency,...
Luxgen’s S3 is a 5-seater subcompact sedan equipped with a 1.6-liter, 116 hp gasoline engine.
Local company Arman Motor Kavir is set to unveil two imported...
Iran Exim Bank Tapping NDFI Resources
Export Development Bank of Iran–the country's exim bank–is to...
Billet and bloom shipments made up the bulk of exports, reaching 1.78 million tons, up 28% year-on-year.
Iran’s semi-finished steel exports during the first seven...
Local producers have often called  on the government to increase import tariffs on tires.
In order to “protect domestic production”, the Industries...
Transport MoU With South Korea
Iran and South Korea have signed a memorandum of understanding...
Roadmaps for SSO Recovery
The research arm of the Iranian Parliament has conducted a...

Trending

Googleplus