News ID : 187956
Publish Date : 9/10/2024 11:20:37 AM
Annual exports by Iranian cooperatives to hit $2b: Deputy minister

Annual exports by Iranian cooperatives to hit $2b: Deputy minister

The Ministry of Cooperatives, Labour, and Social Welfare has plans to increase exports by Iranian cooperative companies, said a deputy minister, adding that the related figure is expected to hit $2 billion per annum by the end of the current Iranian year (March 20, 2025).

Hamed Veys-Karami, the deputy labor minister, stated on Monday that the cooperative sector enjoys high social and economic capacities, as it has a significant contribution to economic growth, creating stable employment and boosting gross domestic product of the country.
“With the efforts made during the past Iranian year, we achieved a 15% growth in the export of cooperatives,” the official said.
Out of a total of 104,000 active cooperatives across the country, 39% pertains to the industry sector, 37% to the agricultural sector and the rest to the services sector, he noted.
Cooperative companies are enterprises that identify export target markets and develop the country’s exports. Today, most of Iran’s non-oil exports, including caviar, pistachios, saffron, and carpets, are through cooperatives.
In Iran, the cooperatives of border residents play a significant role in the export of various food products, industrial products, dry fruits, spices, medicinal plants, handicrafts, mining industries, rice, tea and edible oil.
According to experts, considering the high potential of cooperatives, especially in the field of export under the economic conditions of the country, it is necessary to use the export capabilities of the cooperative
sector.


IRAN DAILY NEWSPAPER
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