First VP: Iran’s Oil Buyers Never Stop

“Despite all pressures by the Americans, Iran has its own customers and everything is moving ahead without any problem,” Iranian Legislator Behrouz Nemati quoted Jahangiri as saying in a closed-door session with the parliamentarians in Tehran on Wednesday.

According to Nemati, the Iranian first vice-president also said that the country has exported over $26bln worth of non-oil products in the past 6 months.

His remarks came after Managing Director of Exports Guarantee Fund of Iran Kamal Seyed Ali announced late in September that Iran’s non-oil exports would increase by the end of the current Iranian calendar year (on March 20, 2019).

The official recounted that the Iranian outward trade in non-oil sector would witness a 1.5 times boost by the end of the current Iranian solar calendar year from $45 billion to $60 billion.

“We cannot solely count on Iran’s oil, while 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 official added that of the Export Guarantee Fund of Iran charged the Iranian exporters with a commission fee of less than 1%, while the entity had made significant efforts in the field of export guarantees, including identification of purchasers.

“We can also guarantee exporters for buying from factories to make them feel comfortable to prepare the requirements,” reassured Seyed Ali.

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