Jun 11, 2019, 2:17 AM
Journalist ID: 1853
News Code: 83347688
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Barter only way to save country from sanctions: Official

Sari, June 11, IRNA - The head of Iran's Chamber of Commerce says that the only way to save the country from the US cruel sanctions is barter trading link, especially with neighboring countries, including the Caspian Sea littoral states.

On the sidelines of the 18th meeting of Caspian Sea Littoral States’ Chambers of Commerce in the coastal city of Babolsar, Mazandaran province, Gholamhossein Shafei made the remark on Monday,

"Unfortunately, so far, there has not been done much on the barter trade with neighboring countries, especially the Caspian Sea littoral states and even with the Persian Gulf states, which also have good links with Iran.”

"In the current situation, we must go to trade with these countries and, to a large extent, we will circumvent the sanctions and provide for our country's need, and we can sell surplus production," he added.

"Many countries in the world, especially Iran's neighbors, have a tendency to barter trade, and we need to provide this solution within the country through the government and with the help of the parliament," he said.

Shafei did not consider as sufficient to hold summits to overcome barriers to foreign trade with the Caspian littoral countries, and demanded the establishment of preferential tariffs for trade relations between Iran-Russia and the Caspian littoral states and even the Persian Gulf.

The eighteenth Summit of Chambers of Commerce of the Caspian Sea littoral states was held this morning with the presence of ambassadors from some of the Caspian states in the Babolsar coastal city.

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