Iran Export Guarantee Fund talks on further support for exporters

Business Materials 5 November 2018 17:11 (UTC +04:00)

Baku, Azerbaijan, Nov. 5

By Elnur Baghishov – Trend:

The more US sanctions are imposed on Iran, the more support is rendered for Iran to export goods, Fars News Agency cited executive director of the Iran Export Guarantee Fund Seyed Kamal Seyedali as saying.

The trade balance is expected to increase to $4-5 billion this Iranian year (started March 21, 2018), he added.

He said that the Iran Export Guarantee Fund, as a defense shield, can help exporters in this economic war.

Seyedali added that economic warfare requires leverages. One of the leverages to combat this economic warfare is the Export Guarantee Fund.

The government has reduced the service fee in various areas. The service fee for exports to Iraq and Afghanistan is 1 percent and it reduced up to 35-45 percent, he said.