Foreigners Queuing Up to Have Trade Ties with Iran: FM

Speaking at the parliament on Sunday, Zarif said the Foreign Ministry has focused efforts to achieve the goals of the Resistance Economy plan, boost non-oil exports, and stimulate foreign investment in the country.

He also noted that his ministry has tried to improve the regional and international conditions to attract more foreign investment.

“The fact that the Foreign Ministry has removed the legal barriers to economic activists having trade interaction (with Iran)… is an initial achievement,” he noted, as reported by Tasnim.

Back in August, President Hassan Rouhani pointed to the country’s economic progress during his term, saying Iran’s economy is on the right track despite a whole host of problems that have gripped oil-exporting countries.

Highlighting the major achievements over the past three years, President Rouhani said the inflation rate turned into a single-digit number dropping to below 9 percent, the economic growth in the first quarter of the current Iranian year increased to 4.4 percent, the industrial growth rose to 8.8 percent, and the value of non-oil exports rose by $3.3 billion, outstripping the value of imports after many years.