TEHRAN, Iran, Dec.20
Trend:
Iran's exports of electricity and power equipment are facing challenges, said Head of wire and cable producers committee within Iran Electrical Industry Syndicate Alireza Kolahi, Trend reports citing ILNA.
"Iran's power exports are done via public contacts, as private sector isn't active in this field," he said.
He explained that exports require guarantees and money transfers, which is extra expenses as far as returning revenues to the country.
"Iran received Iraqi dinar from Iraq as payment, and this resulted in a 10-percent loss due to official foreign exchange rate," he explained. "This also brought extra costs on the exporters to bring money to Iran."
Iran managed to resolve some of the trade-related issues with Iraq and Afghanistan, but due to weak banking connections, Iran struggles to secure spots in big projects with other countries, such as Kazakhstan for example.