Sanctions removal not of much affect: Iranian ceramic dealer

Business Materials 15 August 2017 20:47 (UTC +04:00)

Tehran, Iran, Aug 15

By Mehdi Sepahvand –- Trend:

Removal of sanctions had not much affected the business of ceramic products import in a positive way, due to the still enforced banking restrictions, manager of an Iranian ceramic and tiles importing company told Trend, Aug 15.

“We still have to use currency exchange partners in Turkey or Dubai. None of the documents go under our name and the money is delivered via another company. Nothing has changed for us,” Hassan Baghaeipour, CEO of Modern Ideal said.

He added that his business faces these hardships while still enduring other difficulties.

“We import about 50,000 square meters of ceramic products a year. We have to pay as much as 55 percent in different tariffs. We also have to pay for shipment, for which we have to buy dollars or euros.”

Iran had spent two full years (2013-2015) negotiating a deal with world powers that would remove economic sanctions put on the Islamic Republic.

The efforts culminated in the implementation of the Joint Comprehensive Plan of Action (JCPOA) in January, 2016. Sanctions were lifted, but the primary US embargo on the dollar transactions has kept Iran away from the international markets.