Tehran,Iran, May 15

Trend:

Developing of exports and focusing on domestic production are important strategies for Iran, said Deputy Minister of Industries, Mine and Trade Farshad Moghimi.

"Increasing exports of domestic products should be put on the agenda of productive units, while Chamber of Commerce and other trade associations should help the foreign currency revenue return to the country," he said, Trend reports citing IRNA.

"The current conditions in the country require management of the revenue resources and stability in political economy and industries to move toward domestic production," he added.

He noted the international limits have provided opportunities to identify investment advantages in domestic industry.

"Currently, 1,500 units of automakers and equipment factories alongside 2,000 small industries have the production capacity of 1.2 million tons per year," he said.

Recently, issues related to expanding exports of domestic products to neighbor countries, and intensifying negotiations with private sector have been reviewed at a meeting at the ministry.