17 April 2013
Non-oil exports from the Persian Gulf Special Economic Zone (PGSEZ) witnessed a 6-percent growth last year, despite the US-led western sanctions against Iran, director of PGSEZ announced on Monday.

"Non-oil exports from PGSEZ increased 6 percent in terms of weight and around 11.5 percent in terms of value last year," PGSEZ Managing Director Massoud Hendian said.

"We managed to export 3.173 million tons of the zone's products worth $698.691million to the target markets in the said period," Hendian added.

Once the production cycle of industries stationed in the Persian Gulf zone is fully commissioned, the PGSEZ will become Iran's non-oil exports hub soon.

On Sunday, another senior trade official announced that the value of Iran's non-oil exports in the last Iranian year (ended March 20, 2013) exceeded $41 billion despite the sanctions and restrictions imposed by the West on Tehran.

"The value of exports of our non-oil products hit $41.5 billion last year," Iranian Deputy Minister of Industries, Mines and Trade Hamid Safdel, who is also the head of Trade Promotion Organization of Iran (TPOI), said.

Safdel noted that the total value of Iran's foreign trade reached $95 billion during March 2012-13.

© Iran Daily 2013