Iranian industry minister said by the Iranian calendar year of 1402 (starts in March 2023) nearly $10 billion worth of imports in the country’s industrial sector will be prevented by replacing them with domestically-made products.
Chabahar port, southeastern Iran, is increasingly getting more attractive to investors with 11 investment agreements have been signed to be implemented by the end of this Persian year.
In the opening ceremony of the 16th Iran-Armenia Joint Economic Committee meeting in Tehran on Monday, Iranian Deputy Minister of Energy for International Affairs Farhad Yazdandoust called on the two sides to take necessary measures for removing barriers in the way of mutual trade.
As Iranian Ports and Maritime Organisation announced that the Director General of Ports and Maritime Affairs of Sistan and Baluchestan met with Kazakh Ambassador to introduce the capabilities and investment opportunities of Chabahar Port at the Kazakhstan's embassy in Tehran.
Over $1.2 billion worth of non-oil commodities was exported from Arvand Free Trade Zone during the first eleven months of the current Iranian calendar year (March 21, 2018 – February 19, 2019), a deputy at Arvand Free Zone Organization announced.
An official with the Iranian Ministry of Petroleum said the country was not only self-sufficient in petrol production, but had excess production capacity, which could be earmarked for exports.