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Iran's private sector supports punishment of violating exporters

Business Materials 31 August 2020 09:53 (UTC +04:00)
Iran's private sector supports punishment of violating exporters

TEHRAN,Iran,Aug.31

Trend:

The private sector is supporting the government instructions in confronting exporters that refuse to sell a portion of foreign currency revenue, said the head of Export Committee in Iran Chamber of Commerce.

"There should be a necessary infrastructure to confront exporters that violate the regulation. A monitoring committee could view the exporter's activity and support real businessmen that already sold a portion of export foreign currency revenue, " said Jamshid Nafar, Trend reports citing IRNA.

"The private sector could help the government and improve the economic situation as well as prevent violations," he said.

"The real exporters should be identified from individuals that are abusing advantages that commercial cards provide and refuse to sell a portion of export foreign currency revenue," he said.

"Iran has rich resources but in the current climate with the US sanction and Coronavirus pandemic the government could not liberalize exports therefore we need to preserve domestic reserves," he added.

"In past months the country's capacity in producing mask and related equipment has increased but exports of these products have been banned although a considerable amount of these commodities have been stored," he said.

"Issuing permit for exports of commodities with sufficient reserve in the country could compensate the drop in the trade that is caused by the pandemic," he said.

The Head of Trade and Promotion Organization Hamid Zadboom has recently announced that out of 21,184 exporters around 2,000 have sold portion their foreign currency revenue to banks which amounted to € 13 billion.

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