Tehran (IP) - Iran's Minister of Industry, Mines and Trade said that the ministry is to move towards new mechanisms as the most important mission to optimize existing capacities and resources.

Iran PressIran news: Speaking at a press conference on Saturday, Iran's Minister of Industry, Mines and Trade Reza Fatemi Amin said: "The most important mission we have defined for ourselves in this ministry is to move towards new mechanisms to optimize existing capacities and resources."

Fatemi-Amin said: "Industry, mining, and trade sector accounts for 25% of the country's GDP, and this sector has faced a lot of variety."

Iran's Minister of Industry, Mines and Trade said: "Good things have happened in the Islamic country's foreign trade. This spring, compared to the spring of last year, exports have grown by 40% and our trade balance has been positive by $600 million."

Regarding the development of knowledge-based sectors, Reza Fatemi Amin, said: "The goal of industry, mining and trade is to expand the activity for the knowledge-based sectors, of course, it is appropriate for economic enterprises."

Regarding investment and trade with Oman, he said: "Oman has good mineral reserves. Several Iranian companies have held talks there on exploration and extraction, and we are looking to expand relations."

"Last year, we extracted 500 million tons of mines, but 4.5 million tons of this raw material were exported, which is a good achievement, so in the field of exploration, a resource identification project was started, which in the first step of South Khorasan discovered very good resources, so next month Details will be announced in more detail." concluded the minister.

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In his presser on Saturday, Iran's Minister of Mining Industry and Trade said that Iran is seeking to boost ties with Oman, Qatar, China and Russia to provide business services to Iranian companies.

Regarding car cooperation with Russia, Fatemi-Amin said that after the Ukraine war and Russian sanctions, Russia got into trouble and trade parties left the country.

Negotiations have been held to boost the cooperation between Iran and Russia at the level of providing spare parts. But There has been no talk of producing a joint car with Russia yet.

Reza Fatemi-Amin continued: "In September of last year, we identified a series of regulations that prevented exports and tried to amend them. The second task was to reform the structure of the Trade Development Organization."

Fatemi-Amin said that in neighboring countries such as Oman, Qatar, China and Russia, we tried to choose a company that had good business conditions as the trading center of Iran. These trading centers have a duty to provide business services to Iranian companies.

"Another of our actions is joint ventures," he added. We have raised this with several countries. In Oman, an Iranian home appliance company is looking for an Omani side to form an Iranian-Omani company. In Oman, every company that is 41% Omani gets a 20-year loan. Thus, what we bring is technology, and what the other side brings is the creation of infrastructure and production lines," he noted.

Iran Trade Promotion Organization targeting $50 billion non-oil export

Speaking at the press conference, the head of the Trade Promotion Organization said 50 billion dollars from non-oil exports in the Iranian new year (starting on March 21) have been envisaged.

Alireza Peyman-Pak said: "We are trying to facilitate trade laws and at the same time we are witnessing a 40% increase in trade and a positive trade balance."


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