Iranian Minister Emphasizes More Exports to China

Iran’s Minister of Industry, Mines and Trade Reza Rahmani described the Chinese market as a big opportunity for Iranian suppliers, saying that it should be used for developing exports to China.

China imports $2,000b worth of products every year, Rahmani said, adding that taking advantage of this capacity needs taking a new approach by government and private sector.

To gain Iran’s share in the Chinese market, it is necessary to use the country’s surplus potential including industrial, agricultural, mineral, oil, gas and pharmaceutical products in line with exporting to China, he added.

Expressing dissatisfaction over exporting Iranian goods to China, he said Trade Promotion Organization is supposed to amend its structures and to take strides in line with developing exports to China with the participation of the private sector.

In relevant remarks in March, Head of Iran’s Customs Administration Mehdi Mirashrafi said that China and Iraq were his country’s top trade partners with respectively $8.3 billion and $8.2 billion worth of non-oil imports from Iran.

Iran’s oil and nonoil exports have reached $40 billion during the first 11 months of the current Iranian fiscal year, Mirashrafi said, adding that China and Iraq were the main destinations for Iranian commodities.

Leave a Reply

Your email address will not be published. Required fields are marked *