Iran, Kuwait trade continues despite problems
Tehran, Iran, Sept.6
The trade between Iran and Kuwait continues in the form of traditional transaction, despite problems, head of Iran – Kuwait joint Chamber of Commerce Hani Feysali told Trend.
"Iran and Kuwait had long history of trade and economic relations but due to current political situation, the ties changed," he said.
"Despite sanctions against Iran, our trade with Kuwait is not bad. Every day more exports heads to Kuwait via Khorramshahr and Abadan ports, major part of exports include construction products such as cement and plaster," he indicated.
"Unfortunately our economy is not involved in the private sector as much as it should be, if the government could trust the sector, many problems will be resolved," he said.
"Improving political ties can be done via improving economic issues, we held lots of negotiations and meetings with Kuwaiti Embassy, regarding the problems with bilateral ties," he added.
"The issue of Kuwait is that like other Persian Gulf states, it's not an open country which everyone can enter easily. It has a specific system, and our businessmen are having certain problems with visas," Feysali explained.
"Visa is issued with difficulty for Kuwaiti citizens, the problem was expressed by many Kuwaiti businessmen, while banking issues also add up to the problems," he indicated.
"Despite everything, most of our businessmen have traditional trade with Kuwait , that means the financial transaction is in cash, when businessmen export goods to their destination they would be paid in cash and sometimes via foreign exchange offices that charge high fees," he noted.