Iran Trade Promotion Organization: Export only way to save country from sanctions

Business Materials 24 November 2018 16:32 (UTC +04:00)

Baku, Azerbaijan, Nov. 24

By Elnur Baghishov - Trend:

In the current situation, the only way to save Iran from sanctions is to increase exports, said Mohammadreza Modoudi, head of Trade Promotion Organization (TPO) of Iran, Shata news agency reported.

The US has created crises to control ships by means of GPS, money exchange through SWIFT, as well as to target Iran’s trade with the US dollar, which is the main currency in world trade, he said.

“The US, on the one hand, by promoting the import of luxury and non-essential goods, is trying to increase Iran’s foreign expenses, and on the other hand, by limiting Iranian exports, is trying to reduce foreign currency income of Iran,” he noted.

He said that though the devaluation in Iran created restrictions, Iran’s exports have become more attractive.

“In the current situation, exports are the only way to save Iran from sanctions,” he noted. “It is necessary to trust the private sector so that it will deliver its own export products, protect its share in the regional markets, especially in countries with fewer problems in transportation.”

He added that it is important to invest in the Iranian brand. Considering the quality of exported products, sanctions couldn’t damage Iran’s image at the international level, he said.

Iran should strengthen the trust and support for Iranian products worldwide, he added.