Minister: Domestic Production Rising Despite U.S. Sanctions

Date: 15 July 2019 - 21:51

News ID: ۶۸۱۵۲

TEHRAN (Dispatches) - Iranian Industry Minister Reza Rahmani has said that despite U.S. efforts to cripple Tehran’s economy, year-on-year comparison shows that the country’s domestic production has increased in the first quarter of the local calendar year (March 21-June 21).
"U.S. sanctions were imposed to hamper production in Iran, however, after 14 months of sanctions the area has grown one percent in the first three months of the present Iranian year (started on March 21) in comparison with the corresponding period in last year," Rahmani said in Iran’s northeastern province of North Khorasan.
"We did not let production decrease and that is a victory despite the difficulties we had under sanctions," he added.
The minister stressed that the government seeks to increase exports under the current conditions and called for providing the ground for investors.