7% Growth in Industrial Production Registered for Autumn

IRAN NEWS ECONOMIC DESK

TEHRAN – Minister of Industry, Mine and Trade says the Central Bank’s report on the country’s seven percent growth in industrial production in the autumn and setting record for non-oil exports and boosting trade volume of the country to $85b indicates the country’s unique capacities for materializing the surge in production.

Reza Rahmani on Thursday said that the volume of exports and imports of the country last year surpassed 169m tons and the amount of exports last year experienced 14 percent growth comparing to the preceding year.

He reiterated that the figure reveals importance of developing infrastructures for exports and easing process for foreign trade more than ever.

Rahmani added that with studying all details and process of exports in the past Iranian calendar year, the ministry for surge in production will prioritize attention on exporting the knowledge-based exports and goods with value-added.

He noted that since the beginning of the New Year and upon the order of the President, activities in the production units especially in producing hygienic goods have not halted and it is expected that after containment of the Coronavirus, the country can turn the condition into an opportunity to materialize the slogan of the surge in production and to create new export markets.

Rahmani reiterated that the country enjoys having capacities and potentials to boost production and economic boom and all should work together to take advantage of capacities.

He also pointed to the Central Bank’s report on the seven percent growth in the industrial production in the autumn and setting new record in non-oil exports and increasing the national trade volume to $85b show that the country has unique potentials in production sector.

Rahmani added that most of the imported goods last year were essential goods, industrial machines, intermediary goods and industrial equipment and most of people’s needs were provided with domestic products.

He said if domestic products meet people’s needs and demands, then smuggling of goods will fall and to this end, all capacities for domestic production should be activated and Iranian brands should be revived.

Rahmani emphasized that cooperation of private sector and all activists in the industry will accelerate boost in production and can turn the threats into opportunities.

He said the ministry has started reviewing and studying the weaknesses on way of boosting production, and it wants to draw up plans for surge in production by using all experts’ views.

He emphasized that the ministry will draw up practical plans far from any slogan for implementing them in the country.