Iran's exports to replace its oil revenues: Minister

Tehran, IRNA – Iranian Minister of Industry, Mine and Trade Reza Fatemi Amin said that the Islamic Republic’s export is growing very fast, and that there is only a 3.5-billion-dollar gap to be able to omit oil revenues from the country’s trade balance. Fatemi Amin made the remarks in the Standard Week in Tehran on Sunday that the volume of non-oil exports and imports reached 48.5 and 52 billion dollars, respectively during last year, showing a significant increase in Iran's non-oil export. As to the need for adopting instant measures to improve the situation of standard in Iran, he said that the focus on non-oil export, as well as coordination with other countries’ standard institutes, are among the main efforts, which should be done in this respect. Now, Iran’s complexity rating stands 65 in the world, he said, noting that the Islamic Republic tries to improve the ranking to stand at less than 40 with the four years. According to the minister, the need for pursuing a unified method in terms of standard has been underlined in a recent meeting of the high council for standard, and President Ebrahim Raisi supported the plan. He further underscored that Iran should have good standard-related interactions with countries involved in trade ties, noting that this effort will help the country to reform its standards in order to turn into an exporter of complex manufactured products not merely raw materials. The minister also called for inventing localized standard criteria in order to get rid of depending on translation-based standards such as Euro 4 and Euro 5. Follow us on Twitter @IrnaEnglish