Economy, Domestic Economy

Ministry Tasked With Boosting Iran's Non-Oil Exports by $2b

Ministry Tasked With Boosting Non-Oil Exports by $2b
Ministry Tasked With Boosting Non-Oil Exports by $2b

The Headquarters of Resistance Economy has assigned the Ministry of Industries, Mining and Trade with the task of boosting non-oil exports by $2 billion in the current Iranian year (March 2017-18) by empowering small- and medium-sized enterprises. The ministry has also been mandated to complete and launch 50 major national projects, Mehr News Agency reported, citing a directive sent by First Vice President Es’haq Jahangiri to the ministry. Resistance Economy refers to a set of principles outlined by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei aimed at bolstering domestic production, curbing dependence on oil exports, improving productivity and encouraging Iranians to buy domestically-manufactured products. According to the  slamic Republic of Iran Customs Administration, Iran exported 129.648 million tons of non-oil commodities worth $43.93 billion over the past year, registering 3.58% growth in the value of exports compared to the preceding year.


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