Arab Today, arab today iran registers 5time growth in exports despite sanctions
Last Updated : GMT 05:00:07
Arab Today, arab today
Arab Today, arab today

Iran registers 5-Time growth in exports despite sanctions

Arab Today, arab today

Arab Today, arab today Iran registers 5-Time growth in exports despite sanctions

Tehran - Fna

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. Iranian officials have repeatedly refuted the accusations, arguing that as a signatory to the nuclear Non-Proliferation Treaty (NPT) and a member of the International Atomic Energy Agency (IAEA), Tehran has the right to use civilian nuclear technology. Iran, which sits on the world\'s second largest reserves of both oil and gas, has dismissed US sanctions as inefficient, saying that it is finding Asian partners instead. Several Chinese and other Asian firms are negotiating or signing up to oil and gas deals. Following US pressures on companies to stop business with Tehran, many western companies decided to do a balancing act. They tried to maintain their presence in Iran, which is rich in oil and gas, but not getting into big deals that could endanger their interests in the US. Yet, after oil giants in the West witnessed that their absence in big deals has provided Chinese, Indian and Russian companies with excellent opportunities to sign up to an increasing number of energy projects and earn billions of dollars, they started showing increasing interest to invest or expand work in Iran. Some European states have also voiced interest in investment in Iran\'s energy sector after the gas deal was signed between Iran and Switzerland regardless of US sanctions. The National Iranian Gas Export Company and Switzerland\'s Elektrizitaetsgesellschaft Laufenburg signed a 25-year deal in March 2008 for the delivery of 5.5 billion cubic meters of gas per year. The biggest recent deal, worth €100m ($147m, £80m), was signed by Steiner Prematechnik Gastec, the German engineering company, this year to build equipment for three gas conversion plants in Iran. Also, the New York Times reported in December 2010 that over the past decade, the US-based companies have done billions of dollars in trade with Iran despite sanctions and trade embargoes imposed on Tehran. One American company, the daily said, was permitted to do work on an Iranian gas pipeline, despite sanctions aimed at Iran\'s gas industry in particular. The transactions have been made possible by a 2000 law that allows exemptions from sanctions for companies selling food or medical products, the report added. Iranian officials have always stressed that the International and unilateral sanctions against Iran have had no result but inflicting damage on the European companies.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iran registers 5time growth in exports despite sanctions Arab Today, arab today iran registers 5time growth in exports despite sanctions

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iran registers 5time growth in exports despite sanctions Arab Today, arab today iran registers 5time growth in exports despite sanctions

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday