Iran has announced a 35% increase in agricultural exports, making agriculture the second fastest growing sector after oil. Non-oil revenues have reached $48 billion, an 18% growth year-on-year. Additionally, Iran is enhancing trade relations with Brazil, focusing on using national currencies and expanding banking cooperation.
Iran’s agricultural sector has reported a notable 35% increase in exports, according to the Minister of Agriculture. This growth positions agriculture as the second fastest expanding sector in Iran, trailing only behind oil, and greatly contributes to the nation’s economic progress.
Deputy Minister of Industry, Mine and Trade, Mohammad Ali Dehqan Dehnavi, announced that non-oil export revenues have risen to $48 billion in the current Iranian year, marking an 18% increase from the previous year. This growth underscores the diversifying economy of the nation.
In a broader international context, Iran is actively enhancing its economic relationships, particularly with Brazil. Recent agreements between the Central Bank of Iran and Brazil’s Ministry of Finance focus on utilizing national currencies for trade and expanding banking cooperation, highlighting significant potential for further financial development in line with BRICS initiatives.
Iran’s agricultural exports have seen substantial growth, indicating a shift towards economic diversification away from oil reliance. Strengthening ties with Brazil is part of Iran’s strategy to enhance trade using national currencies, thereby promoting further cooperation within the BRICS framework. These developments emphasize Iran’s focus on boosting non-oil revenues and integrating into larger international economic relationships.
Original Source: tvbrics.com
