Iran Registers Five-Time Growth in Exports despite Sanctions

Despite international sanctions and certain western countries’ unilateral bans and embargos, Iran has boosted its exports by 500% during the last 8 years.

Reports show that despite the hostile policies and moves of the United States and its European allies, Iran has shown a promising trend of growth in area of economy.

The latest statistical figures presented by the Iranian commerce and economic bodies, the country has experienced a five-time growth in exports to over 160 world countries, while it imports have increase by 200% during the last 8 years.

Also, during the last 9 months of the current Iranian year (March 21 to December 21), the country’s exports have grown to $31.9bln which shows a 37.8% increase compared with the same period last year.

It is noteworthy that Iran has imported goods from 37 European countries and exported its products to 35 of them in the last 8 years.

Iran is under four rounds of UN Security Council sanctions for turning down West’s calls to give up its right of uranium enrichment.

The United States and its allies accuse Iran of pursuing a military nuclear program and have used their influence on the UN Security Council to press for fresh sanctions against Tehran.  Continue reading