Cooperatives $1b-Contribution to Exports
Economy, Domestic Economy

Cooperatives $1b-Contribution to Exports

Producer cooperatives exported $1.1 billion worth of goods in the previous Iranian calendar year (ended March 20), said deputy minister of cooperatives, labor and social welfare, Hamid Kalantari.
“Cooperatives play a vital role in securing sustainable employment and economic development,” IRNA quoted him as saying at a meeting with members of producer cooperatives companies in Kohgilouyeh-Boyerahmad Province.
Currently there are more than 100,000 cooperatives active across the country with 11 million members. With about 400 knowledge-based cooperatives, the sector has provided 1.5 million people with jobs.
The cooperatives sector currently claims 7% of the national production and economic growth, while it was supposed to assume a 25% share based on the Fifth Economic Development Plan (2011-16).
“The ministry plans to train and empower cooperatives to help them contribute further to the national economy,” Kalantari said.
He called on the ministry’s affiliated organizations to assist cooperatives in addressing the challenges facing the sector, including shortage of liquidity and potent workforce, high interest on banking loans and increased production costs.
“So far, the cooperatives in Kohgilouyeh-Boyerahmad have contributed to employment and domestic production in the areas of agriculture, industries, mines and services,” he noted.

Short URL : http://goo.gl/TqYRw0

You can also read ...

Iran Economic News Headlines for Today - October 15
1. Mohammad Baqer Nobakht, the head of Plan and Budget...
Iran Plans Barter Trade With Africa - Interview
As a bid to ease trade with African countries, the Iran...
Iran, India Aim to Accelerate Chabahar Project Before US Curbs
India and Iran have renewed efforts to operationalize one...
Ban on Iran Imports From Farah Checkpoint to Be Lifted
Afghanistan Customs Department has agreed to lift the ban on...
Iran Mineral Trade Surplus Rises to $3.5 Billion
Iran's trade surplus of mineral products increased notably to...
Iran Bushehr Port Exports to Qatar Hit $56 Million (Mar-Sep 2018)
About $56 million worth of non-oil goods were exported from...
Cars to Cost More in Iran
Automakers will soon receive the okay from relevant...
Iran, Japan to Train Afghan Customs Staff
The Islamic Republic of Iran Customs Administration has signed...