Details of export protection packages
Export Guarantee Fund Manager: One of the most important export guarantee fund products is export contract insurance and fund insurances can be a viable alternative to the LCI to ensure a return of money to the Iranian dealer.
According to Iran's International Stone Exhibition, Afrooz Bahrami said that in addition to the country's existing capacities for foreign investors, the Fund's diverse products and services also support export-oriented investors.
"Those who come to the country with the intention of exporting investments have insurance policies in addition to their export contracts," he added.
He added: Export Guarantee Fund can finance or buy religion of export documents, that is, if the exporter wants to sell their products and goods to foreign countries for a long time and he is worried about not returning his money in due time, the fund with insurance policies. This guarantees.
"If the export industries are cash-strapped, we would suggest selling them credit to have an international market," said Managing Director of Export Guarantee Fund.
Bahrami said: We have export documents for this issue besides the banking system of religion and we have guarantees for it, while we also assist them in the liquidity sector.
He added: "It means that the Fund guarantees export financing with the banking system and on the other hand, our interest rate on bank guarantees is lower than the monetary and credit ratings of the banking system."
Managing Director of Export Guarantee Fund of Iran regarding the existing guarantees for the presence of investors in the country also noted: There are many capacities including significant market and cheap power and energy in our country and fifteen of our neighboring countries are importing trillions of dollars annually. Iran covers only two and a half percent of their imports.
Bahrami added: Many investors are worried about political risks to invest, although it is unsafe due to the presence of foreign forces in the region, but our country is one of the safest countries in the region.
He noted that the Foreign Investment and Economic and Technical Assistance Organization of the Ministry of Economic Affairs and Finance, based on a license issued, guarantees and covers the political risks of foreign investors and whenever a foreign investor feels that he wants to withdraw his capital. The government will give him that guarantee.
The director of Iran Export Guarantee Fund on the role and mechanism of the fund in the production and export boom, said: All over the world, the exporters' most important concern is political and commercial risks, which if repatriated in the export process, can be reimbursed by exporting funds or exporting goods. Risk.
Bahrami added: One of the most important products of the Export Guarantee Fund is export contract insurance, and the fund's insurances can be a viable alternative to the LCI to ensure a return of money to the Iranian dealer.
He said: The fund, based on the databases it has, performs a contract between the seller and the buyer in the risk management and validation process and receives low fees due to its role and support position.
Managing Director of Iran Export Guarantee Fund noted: The fund has exported seventeen billion dollars of export cover over the last twenty years and recently some exporters have come to the fund due to the sanctions conditions due to these risks and this is one of the export guarantee fund services.
Regarding the fund's ability to support more exports, Bahrami said, "Unfortunately, the 12th fund's capital is a percentage of the country's total non-oil exports, while we can support oil as well."
He added: "At present, the fixed capital of the fund is one trillion dollars and which definitely needs to be raised. Our counterparts in the region, including Saudi Arabia, have four billion euros and Exim Bank have two billion dollars and Italy has twelve billion euros." .
The Director of the Export Guarantee Fund of Iran added: "Of course, the $ 200 million increase in the fund is in the hands of the government and parliament. If this happens, our coverage will increase and we can take more risks and increase our support for exporters."
Referring to the current situation in the country, Bahrami said: "There is no doubt that there are problems inside the country and the government accepts it, the currency shock that the country was facing last year had a serious impact on our economic changes, but it gave us a chance Creating for export means this position is an export advantage and many countries are reducing their national currency value to create export advantage.
Director of Export Guarantee Fund, pointing out that I believe that the exchange rate realization will help the export jump to prevent many unnecessary goods from being imported, said: Manufacturers have always claimed that if they were prevented from smuggling goods and imports, the rate would If the real exchange rate approaches its level of stability, we will conquer the international peaks in export, and that is now happening, and I believe we should seize the opportunity for export.
* Fars
