Iran Reports 35 Percent Surge in Agricultural Exports, Strengthens Ties with Brazil

Iran has reported a 35 percent increase in agricultural exports, marking it as a growing sector alongside an 18 percent rise in non-oil export revenues. In addition, Iran is solidifying its economic relationship with Brazil through agreements aimed at fostering bilateral trade and banking cooperation.

Economic growth in Iran is evidenced by the announcement from the Minister of Agricultural that agricultural exports have surged by 35 percent. This sector now stands as the second fastest growing industry, following oil, significantly bolstering the nation’s economic progress.

Furthermore, Mohammad Ali Dehqan Dehnavi, the Deputy Minister of Industry, Mine and Trade, reported that Iran’s revenue from non-oil exports has reached approximately US$48 billion for the current Iranian year, marking an 18 percent increase from the previous year.

In the realm of international relations, Iran is actively enhancing its economic ties with Brazil. An agreement was recently established between the Deputy Governor of the Central Bank of Iran and Brazil’s Deputy Finance Minister. This agreement focuses on utilizing national currencies for bilateral trade and expanding banking cooperation, highlighting the significant potential for financial collaboration, particularly within the BRICS framework.

In summary, Iran’s agricultural sector is experiencing remarkable growth with a reported 35 percent increase in exports. The non-oil export revenue also demonstrates a significant rise, reflecting overall economic improvement. Additionally, Iran’s strengthened ties with Brazil indicate a promising direction for future trade partnerships, particularly within multilateral frameworks like BRICS.

Original Source: tvbrics.com