Jun 5, 2021, 12:32 PM
Journalist ID: 1006
News Code: 84355548
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Official: Iran has 20-40% annual growth capacity in trade with other countries

Tehran, June 5, IRNA- Chairman of Exports Commission of Iran's Chamber of Commerce, Industries, Mines and Agriculture Jamshid Nafar said that Iran has the capacity for a 20 to 40 percent growth per year to trade with world countries.

In an interview with IRNA on Saturday, Nafar said that more accurate and logical policies will correct some of the current wrong trade figures with regards to Iran's high export capacity.

He added that Iran's trade and business activities  can be improved gradually.

The official added that COVID-19 pandemic in Iran made serious problems for trade and business activities, and businessmen could not export their products to other countries due to the pandemic and also because most border crossings were closed after the coronavirus global pandemic. 

Chairman of Iran's Trade Promotion Organization Hamid Zadboom on Apr 19, 2021 said that the country plans for a 21-percent increase in foreign trade in the current Iranian calendar year (March 20, 2021, to March 20, 2022).

Zadboom  in his remarks added that there are two scenarios for the current year, including an optimistic outlook with a successful negotiation on the 2015 nuclear deal and the lifting of sanctions, which will pave the ground for new avenues for foreign trade, as well as a pessimistic foresight that will be the continuation of last year’s economic situation with the persistence of coronavirus pandemic and the extension of the pressure of sanctions, which will affect foreign trade negatively.

He noted that based on various studies, COVID-19 and vaccination will have draconian effects on economic growth.

Pointing to the impact of the US sanctions on Iran’s trade exchanges, he underlined that the production line in the Islamic country needs the import of certain raw materials to help flourish export of produced materials; thus, the sanctions are the main bump in the way of trade activities.

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