Iran Exports Have Potentials to Touch $100b
IRAN NEWS ECONOMIC DESK
TEHRAN – Farshid Farzanegan, head of the Iran-UAE Joint Chamber of Commerce, believes Iran has huge potentials to boost its exports to $100b annually and it needs to use all capacities.
Speaking to ILNA, Farzanegan said that unfortunately Iran does not use properly its exports potentials and sudden and continuous changes in regulations have disrupted the trade system in the country while the country has potentials to export goods at least worth of #100b annually.
He further said that after the breakout of the Coronavirus, the demands for goods declined in different countries, adding that the slump in demand caused a fall in the global exports volume which was used directly or indirectly by costumers or they were in their provision chain. He admitted that the global trade volume inevitably dropped.
On the current favorable trade between Iran and the UAE, he said that UAE has sent humanitarian aids and it has eased the trade of medical and hygienic equipment as well as marine transit for Iran’s agro and food trade.
Farzanegan noted that the marine transit still continues and the UAE eased the way for return of Iranian nationals by Mahan Airways.
He also called for revision in policy-making and regulations by those who are involved in the trade, adding that if those policies are adopted individually and not concentrated, the trade will become impossible.
He reiterated that if Iran wants to boost its trade with the regional states, it should centralize its policies and individual policies will be useless.
Farzanegan noted that by using potentials of UAE-based Iranian nationals in trade, Iran can have better and effective presence in the international trade especially when we know the UAE is a favorable market in terms of transit, transportation and access to the regional states.
He stated Iran has this potential to dominate the regional markets especially in the Persian Gulf states because the country enjoys having abundant resources and cheap and skillful human resources comparing to other countries but it needs to prepare the necessary grounds for trade.
He deplored that Iran does not use all of its exports grounds, and sudden decisions and changes in the regulations have affect the trade otherwise the country could have exported at least goods worth of $100b.
