Jul 10, 2019, 12:22 PM
Journalist ID: 1114
News Code: 83389745
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Industry official says Iran overcomes tough economic sanctions

Yazd, July 10, IRNA – Iran left behind the toughest economic sanctions last year as US arbitrary sanctions targeted the country this year, Deputy Minister of Industry, Mines and Trade Saeed Zarandi said on Wednesday.

Zarandi, who was speaking in the central Iranian city of Yazd on Tuesday in a ceremony to commemorate the National Industry and Mines Day, said that the enemy thought it could deal a heavy blow to the Iranian economy while the Iranian industrialists were capable enough to overcome all the problems.

He said that employment rate and the country’s consumption of industrial electricity have grown by 20% and 3.8% respectively over the first two months of the current Iranian year (started on March 21) compared to figures from the same period last year.  

In textile area, Iran had some $1.031 billion of exports and $1.654 billion of imports last year which shows a 6% decrease in exports and a 36% decline in imports compared to the preceding year, the official said.

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