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Internal Trade Policies Also Affected Iranian Exporters - Mr. Mohammad Lahouti

Internal Trade Policies Also Affected Iranian Exporters - Mr. Mohammad Lahouti

Iran, one of the largest billet exporter in MENA region has recently faced secondary sanctions from US. Secondary sanctions targeted banking, insurance and shipping sector of the nation. Owing to economic sanctions, the export of various commodities including steel has come down.

Recently Mr. Mohammad Lahouti, Chairman of the Board of Directors of the Export Confederation of Iran, said, "Over the past six months the export of Iran has adversely affected due to wrong policies, prohibitions and restrictions, closure of orders, problem in procurement of raw materials, non-compliance with the rules for declaring export prohibitions and enforcement of decisions has not only affected exports, but also weakened the economic position of the country in the world.

He added,” this problem has created a bad image of Iranian exporters in the world market which ended up by losing export markets lost. The point is that if we later want to regain these markets, it will be very difficult as this destruction of the image of Iranian businessmen cannot be easily corrected. "

Mr. Lahouti said, "The issuance of successive directives, prohibitions and restrictions that has been imposed in last few months has unfortunately killed the golden opportunity to export.”

Talking about exchange rate realization, Mr Lahouti said, “"The exchange rate explosion had a negative impact on all sectors of the country's economy, the only place where it could have become an opportunity was the field of exports, but owing to these policies and restriction it was destroyed. If we look at the statistics when the exchange rate was 4 times higher, exports did not grow considerably and the opportunity to do good business was lost with the wrong decisions. "

Inputs from Chilan Online 

Source: steel mint

Nov 12, 2018 11:49
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