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Iran non-oil exports to hit $60b

Bandar Abbas, Managing Director of Export Guarantee Fund of Iran announced that the non-oil exports will increase from $45 billion to $60 billion until the end of the current Iranian calender year (started March 21).

'We cannot solely rely on Iran oil, but it is possible to manage the country without oil revenues with proper and efficient management of non-oil exports, Kamal Seyyed Ali said Sunday addressing the Export Guarantee Fund of Iran workshop.

The commission of the Export Guarantee Fund of Iran is less than 1%, and the body has already made significant efforts in the field of export guarantees, including identification of buyers, he added.

'We can also guarantee exporters for buying from factories to make them feel comfortable to prepare the requirements,' he noted.

The world's largest insurers have taken over the risk of Iran's export guarantee fund; Seyyed Ali said, adding that the economic activists should try to use all of the capabilities of the fund.

Source: Islamic Republic News Agency - IRNA

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