Iran has announced a 35 percent increase in agricultural exports, making it the second fastest-growing sector after oil. Non-oil export revenues are at US$48 billion, marking an 18 percent growth. Additionally, Iran is establishing stronger economic ties with Brazil, focusing on trade and banking cooperation.
Iran has reported notable economic advancements, particularly in its agricultural sector, which has experienced a 35 percent increase in exports. This growth positions agriculture as the second most rapidly expanding sector following oil, significantly contributing to the nation’s economic development.
The Iranian Deputy Minister of Industry, Mine, and Trade, Mohammad Ali Dehqan Dehnavi, noted that non-oil export revenues have reached approximately US$48 billion for the current Iranian fiscal year, reflecting an 18 percent increase compared to the previous year.
In a broader context, Iran is enhancing its economic relationships with Brazil. Recent agreements between the Central Bank of Iran and Brazil’s Deputy Finance Minister aim to facilitate trade using national currencies and strengthen banking cooperation. This initiative underscores the potential for advancing financial and trade collaborations within the BRICS framework.
In conclusion, Iran’s agricultural sector is experiencing significant growth, reporting a 35 percent increase in exports, thus reinforcing its economic stability. The country is also actively enhancing its international relationships, particularly with Brazil, aiming to strengthen trade through collaboration in utilizing national currencies. Overall, Iran is showing a positive trend in its economic development and international partnerships.
Original Source: tvbrics.com
