Economy, Domestic Economy
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Ministry to Curb Imports

Ministry to Curb ImportsMinistry to Curb Imports

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh said on Saturday relevant directives will soon be issued to implement the recommendation of the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei.

The Leader had written a letter to President Hassan Rouhani on October 21, which called for supporting domestic production and curbing excessive imports, especially the import of consumer goods from the US, in the post-sanctions era.

Non-oil good exports to the United States have been dwarfed by imports from the country, as $37 million worth of goods were imported during the first half of the current Iranian year (March 21-September 22), while only $418,000 worth of goods were exported during the same period, IRNA reported.

According to Iran Customs Administration’s data, Iran’s exports to the US during the six months comprised carpet, shrimp, saffron, flower and furniture, apart from newspapers, magazines and brochures.

Iran’s exports to the US stood at $1 million, $1.4 million, $658,000 and $480,000 from 2011 to 2014, respectively.

However, imports rose each year during 2011-14 and reached $100 million, $132 million, $132 million and $154 for each year respectively.

A wide array of consumer goods is imported from the US, ranging from cosmetics, jet-skis, computers and fish.

Financialtribune.com