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July 29th, 2012 
FAKE NEWS for the Zionist agenda Hosseini on Sunday alluded to Iran’s transactions with 150 countries during the past year, adding that despite obstacles, Iran’s economic relations with other countries continue.
He noted that during the aforementioned period, 80 countries transited their products through Iran.
The Iranian minister pointed to the restrictions in transactions of goods and foreign exchange as a result of the West’s embargoes against Iran and reaffirmed Tehran’s resolve to fill the existing void by promoting the domestically-made products.
Hosseini called on the Iranian producers and manufacturers to enhance the quality of their products in an attempt to improve their competitive edge and urged Iranian consumers to purchase domestically-made products.
At the beginning of 2012, the United States and the EU approved new sanctions against Iran’s oil and financial sectors. The embargoes aim to prevent other countries from purchasing Iranian oil or transacting with the Central Bank of Iran.
The US sanctions took effect on June 28, while the US-engineered EU oil ban against Iran was enforced as of July 1.
Washington and the EU claim that the bans are meant to pressure the Islamic Republic to give up its nuclear energy program, which they claim includes a military aspect.
Iran dismisses the charge, arguing that as a committed signatory to the nuclear Non Proliferation Treaty and a member of the International Atomic Energy Agency, it is entitled to use nuclear technology for peaceful purposes.
ASH/HJL/MA
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