Iranian administration sets goal of doubling revenues from non-oil exports
A meeting on Tuesday of the Iranian administration’s economic coordination headquarters discussed changing trade and monetary policies and ways to boost non-oil exports.
According to a plan formulated by the Ministry of Industry, Mines and Trade, a target has been set to increase the annual income from the export of non-petroleum products from $ 35 billion to $ 70 billion.
The initiative explains how incomes could increase with reform of export regulations and structures, the greater share of high-tech and knowledge-based products in exports, and stronger support for border markets.
During the meeting, President Ebrahim Raisi called on the Ministry of Industry and the Ministry of Agriculture to seek short, medium and long term plans to address issues affecting people’s livelihoods.
The president also urged cabinet ministries to coordinate strategies and publicize their “evolution plans” prepared in cooperation with economic experts and activists.
In a speech in February 2020, the leader of the Islamic revolution, Ayatollah Seyed Ali Khamenei, stressed the need to end the dependence of the Iranian economy on oil revenues, saying: “J I’ve seen in reports that they (in the West) recommend preventing Iran from achieving a non-oil economy. Among them, it is said that they should not let Iran have a non-oil economy. (They recommend that they) develop a secret way – if they don’t want to lift the sanctions – to find a way to prevent Iran from becoming completely independent (from oil exports); because, if Iran becomes independent, it will develop a non-oil economy.