Iran talks with three neighboring countries on trade

Iran talks with three neighboring countries on trade
  • 2019-01-03
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Head of Iran Trade Promotion Organization: Due to its high valuation, extensive employment and young and talented workforce it can be used and increased production and export potential of this sector.

According to Iran's International Stone Exhibition, Mohammad Reza Moodoodi at the end of the first "Global Consensus on Development of Information and Communication Technology Exports" at the Tehran International Exhibition Center described the current conditions of the country as special and said some infrastructures such as establishing banking relationships for Our priority is that preferential tariffs and preferential trade will be of value if not resolved.

In this connection, Moodoudi cited the Turkish President's pledge to resolve the existing issues, citing another plan by Iran's WTO to negotiate with other countries, especially its neighbors.

He emphasized that, given the country's 13 per cent growth in non-oil exports in the eight months of this year, worth $ 31.5 billion, efforts will be made to maintain this growth by the end of the year.

Modudi announced Iran's WTO program to double the country's export capacity from the current $ 50 billion by defining megaprojects of exporting products in a three-year plan.

He recalled that nearly $ 1.75 billion was to be allocated this year for the development of non-oil exports, which would be financed by a 1% increase in the effective tariff rate on imported goods, excluding essentials and medicines. "Due to current conditions and sanctions, imports of some of these items were banned which reduced some of the revenue."

According to him, the Customs have so far not provided clear statistics on how much the 1% increase in the effective rate has been deposited with the Treasury so the Trade Development Organization can withdraw.

He said: So far, 20 billion USD has been deposited into the account of the Trade Development Organization, which is hopeful that the rest will be financed.

Moodoodi added that next year, export incentives of around $ 700 billion have been earmarked for the budget, which, despite the decline this year, is hoped to be allocated so that a clear and long-term plan can be implemented.

He also said rejecting the exit of Group Two and Three from the allocation priority because of the near-term exchange rate to the free rate said priority was still in orbit; And groups two and three are aggregated and defined as one group. "In this consolidation, six priorities are placed on the basis of the essential needs within the country, including the raw materials, equipment and machinery needed, and even the essential items that Nima's currency derived from the export currency belongs to."

Moodoudi cited the lifting of the ban on importing forty-seven items as "in need": a part of the total of 3,000 nine hundred prohibited goods required by the manufacturing sector was to be gradually withdrawn from the ban. . In addition, some items that may be produced in the country are added to the prohibited list.

"Due to high valuation, widespread employment and young and talented manpower we can use and increase the export and production capacity of this sector," he said.

Iran Trade Promotion Leader concludes first "Global Consensus on Development of ICT Exports" conference on digital currencies using the capacity of start-ups and world-best startups this February informed.

He also pointed to the development of a roadmap focused on promoting and empowering corporations and developing large corporations in the form of training and dispatching business delegations and setting up exhibitions in the ICT. Moodoudi emphasized the need for capacity building in the field of ICT export and said: "We are very weak in this sector and need to be capacity building with the help of the private sector."

* Ilna