Iran planning to boost non-oil exports
Iran said on Saturday that its success in Switzerland last week to reach a framework of solutions with P5+1 has already encouraged it to start planning for boosting its non-oil exports.
Mohammadreza Nematzadeh, Iran’s minister of industry, mine and trade, said the prospect for the removal of economic sanctions against Iran – as highlighted at the end of talks in the Swiss city of Lausanne with P5+1 – is an important impetus to lift non-oil exports.
Nematzadeh said, for this to happen, a perfectly organized planning needs to be devised so as to see a major change in this area before 21 March 2016 – the last day of the Iranian calendar year.
A key point of Lausanne statement was a promise to lift the economic sanctions on Iran. The prospects for the removal of the sanctions within the next three months have already boosted business confidence in Iran with the stock market in capital Tehran recording jumps over Saturday and Sunday that have been described as the highest in the past 18 months.