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Home International Customs

Bright prospects for Iranian economy

byCT Report
21/01/2017
in International Customs
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TEHRAN: Following the removal of unjust sanctions as part of a nuclear agreement with the six major world powers, which had negatively affected economy over the past decade, Iran’s economy is on a flourishing trend these days. Undoubtedly, Iran’s nuclear deal has launched a new chapter in the country’s economic prosperity and has paved the way for Iran to move quickly to economic growth and scientific development.

In an indication of booming Iran’s economy, on the first say of the 2017 President Hassan Rouhani in a live TV program underscored that the government had decided to register five percent growth by the end of the Iranian calendar year started on March 20, 2016, reiterating that the growth in Iran’s oil income, growth in agricultural products, cultivation of wheat, small-sized industrial, and the country’s exports mainly in the first three months of the year the growth rate stood at 6.4 percent. President Rouhani added the government must draw more foreign investment to increase rate of the country’s economic growth and create more jobs. He added in the second and third quarters of Iranian calendar year, the country have 7.4 per cent growth; in agricultural sector, this growth has been 5.6 per cent; in tourism.

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