Potential for 30–40% Growth in Iran’s Mining and Mineral Industries Exports
TEHRAN (Iran News) According to a report from IMIDRO, Mohammad Aghajanlou made the remarks during a meeting focused on “Identifying Barriers to Exports in the Mineral Product Chain.” He stated that abundant mineral and energy resources, along with a skilled workforce developed through years of training efforts, constitute the most significant assets of the mining sector and its related industries.
“These capacities have enabled the mining sector and related industries to continue operating without disruption even during the recent 12-day conflict,” Aghajanlou said. “Nevertheless, it is currently expected that government bureaucracy will be reduced and decisions will be made more swiftly.”
Emphasizing the importance of foreign currency earnings from the mining sector, Aghajanlou noted: “The Minister of Industry, Mine, and Trade is currently working to facilitate exports in order to secure more foreign currency. Measures such as special permits or barter trade could help improve export performance and meet the country’s needs.”
He added that the country enjoys considerable capacity for exports, given its extensive land borders with several neighboring countries and access to maritime trade routes. “Export development is achievable provided the government acts more efficiently in supplying energy and facilitating export procedures,” he said.
Discussing the challenges faced by mining and industrial enterprises during the 12-day conflict and strategies to strengthen resilience, Aghajanlou explained: “During this period, demand for mining and mineral industry products fell, and we faced foreign currency challenges. Nevertheless, boosting exports remains the best solution for stability during crises. Exports can help bring in more foreign currency and offset reduced domestic demand. However, tariffs, export duties, and some restrictive regulations hinder sustainable exports. In addition, special economic zones and free zones must operate with greater agility.””Industries Exports”
He further noted that last year, the mining and mineral industries sector generated around $14 billion in foreign currency income, which is a significant figure. “Given Iran’s strategic location and production capacity, this amount could increase by 30–40%. This would mean higher exports, greater foreign currency earnings, lower prices, and enhanced national resilience,” he concluded.
- source : IRAN NEWS ECONOMIC DESK