Tehran, Iran, May 21
Trend:
Iran tries to re-capture its spot on the Iraqi market, by compensating the drop of its exports volume to this country, said the Chairman of Iran-Iraq Chamber of Commerce Yahya Al-Ishaq.
"Although the exports volume to Iraq has dropped in April, Iran's exports to Iraq increased by 33 percent last Iranian year (started March 21, 2018)," he said, Trend reports via ILNA.
"Iran will try to compensate the fall in the upcoming months,” he said.
"There were different reasons for drop in exports including flood in boarder areas, Iraq's decision to increase tariffs on some goods and transportation problems,” Al-Ishaq noted.
Responding to whether the US pressures effected the fall of exports to Iraq he said that although most of these pressures are on oil and banking system, it should be noted that there are various interpretations, however it is nothing new, as Iran has been under pressure before.
Referring to government foreign exchange policy he said that one of the most important issues in Iranian economy is return foreign currency earned through exports.
"The Central Bank of Iran has approved the process of returning revenues during the current Iranian year (started March 21, 2019)."