TEHRAN- Iran plans to boost the worth of its annual non-oil exports to $48-50 billion by the end of current Iranian calendar year (March 20, 2015), according to Trade Promotion Organization of Iran Director Valiollah Afkhami-Rad.
The official said the country’s value of annual non-oil exports is planned to rise by 20 percent and reach $60 billion in the next Iranian calendar year (March 2015-March 2016), the Mehr News Agency reported on Saturday.
In December 2014, Iranian President Hassan Rouhani said the government aimed to increase non-oil exports to $50 billion by the next calendar year.
Traditionally, Iran relies heavily on oil for revenue. With sanctions restricting oil exports, the government has worked to advance other parts of the economy.
Iran’s non-oil exports witnessed nearly half-a-percent growth while the country’s non-oil imports dropped around five percent in the previous Iranian calendar year, according to Press TV.