Iran’s competitiveness weakens, exports fall under US sanctions

Iran’s competitiveness weakens, exports fall under US sanctions

Tehran, Iran, Nov.12

Trend:

Iran’s competitiveness has weakened due to the rising costs for raw materials, and the country’s exports have fallen under the US sanctions, head of Iranian UPVC Profile, Door and Window Producers Association Hossein Toosi told Trend.

"Unfortunately, sanctions had a negative impact on our business. Currently, raw materials abroad are too expensive or even difficult to import at all. On the other had, imports of machinery and components are also affected by sanctions," he said.

"Almost 25 to 30 percent of our raw material is imported. At the moment due to financial problems some manufacturing units have either closed or are on the verge of it."

"Since the prices have raised, the demand in housing sector has also declined," he noted.

"The competitive ability with high raw material prices is very difficult because the competitive price is important in export," he said referring to decline of competitiveness of the country.

"We have no problems in terms of quality, but our problem is high prices and lack of liquidity, "he said referring to quality of domestic products.

"Products manufactured with high quality machinery will be of high quality. In general, Iranian products are of high quality and are competitive with foreign ones."

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