TEHRAN (Iran News) – Secretary General of Iran-South Korea Joint Chamber of Commerce says U.S. sanctions against Iran have adversely affected commercial relations with Korea. Speaking to ILNA news agency, Pouya Firouzi added “The government and private sector of Korean pharmaceutical companies want to have relations with Iran, so in this circumstance we can easily […]
TEHRAN (Iran News) – Secretary General of Iran-South Korea Joint Chamber of Commerce says U.S. sanctions against Iran have adversely affected commercial relations with Korea.
Speaking to ILNA news agency, Pouya Firouzi added “The government and private sector of Korean pharmaceutical companies want to have relations with Iran, so in this circumstance we can easily bypass US sanctions and use alternatives ways. “
“Raw materials of medicine are not imported into the country via South Korea, but as we know Korean companies don’t refuse to sell medicine to Iran,” he said.
He added that these companies are pushing to resolve the banking problems between the two countries as soon as possible and trying to work with the Korean authorities to resolve this problem.
“After imposing sanctions on Iran’s central bank, the Korean banks could no longer continue their cooperation with Iran, and it can be said that there is no banking transaction between the two countries right now.”
Firouzi said Medicines and foods are not subject to sanctions, but lack of cooperation of Korean pharmaceutical companies with Iranian peers can be related to the problem in the field of financial transfers and banking issues.
South Korean pharmaceutical companies claim that there is not any problem in this field but Iran’s major pharmaceutical companies acknowledge that there is serious problem in the field of importing medicines and pharmaceutical raw materials into the country.
According to South Korea’s customs, the country’s exports to Iran during the past five months have been ten times smaller than the amount in the similar period last year reaching just $148 million.
South Korea is the 5th largest export economy in the world and the 6th most complex economy according to the Economic Complexity Index (ECI).
- source : ILNA, Irannews
