Iran sees surplus recorded in trade balance
Baku, Azerbaijan, Jan. 31
By Elnur Baghishov - Trend:
Iran has seen surplus in its trade balance, and the US should know that Iran is a bad choice for economic warfare, because Iran has 15 neighbor countries, head of Iran’s Trade Promotion Organization (TPO) Mohammadreza Modoudi said, Trend reports via Tasnim news agency.
He added that the US won’t achieve its goal of applying sanctions against Iran.
“Iran’s exports require growth in production and employment, and we need to help in this,” he said.
US President Donald Trump declared Washington’s withdrawal from the nuclear deal with Iran in May 2018. Trump also announced the restoration of all sanctions against Iran, including secondary ones against other countries doing business with Iran. The United States re-introduced part of the sanctions against Iran on August 7, 2018, while the second batch of the sanctions came into effect on Nov.5, 2018.
The US government has agreed to let eight countries, including South Korea and Japan, as well as India, keep buying Iranian oil after it reimposes sanctions on Tehran. The waivers have been granted for six months.