High tariffs and money transfer problem exporters to India

High tariffs and money transfer problem exporters to India
  • 2019-11-12
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Parham Rezai said: "There is no talk of non-cooperation here. Incidentally, the Indian government and the private sector are keen to work with Iran, but the sanctions have kept their relations to a minimum."

According to Iran Stone International Exhibition, Param Rezai said about India's exit from the first five export markets of Iran in the first six months of this year: "The most important reason that India was out of our export market priority was the problem of money transfers because Iranian exporters had to get Their own money was in dire straits, leaving the private sector exports to a minimum.

Another problem was the high price of Iranian goods because most Iranian goods have competitors whose country of origin has a preferential tariff agreement with the Indian government, while Iranian goods have to pay a multiplier of duties. The Trade Promotion Organization has recently begun negotiations with the Government of India to establish preferential tariffs, which we hope will work out as soon as possible.

Rezai said about banking problems: "The FATF debate in India is very serious and they insist that money should be deposited into the owner's account in order to eliminate money laundering." It's not like the goods are being exported from Iran, but given another company account number in Dubai here, there is no talk of non-cooperation. Incidentally, the government and the private sector of India are keen to work with Iran, but the sanctions have caused them to cut ties. At least.

"There is nothing wrong with importing food and pharmaceuticals," he said, referring to imports of oil money left in India or export of Iranian goods, but there are problems with other commodities and this month has declined. . It seems that the best and easiest way to overcome these problems is the presence of an Iranian bank, which, of course, has obtained the necessary licenses from the Indian government, and we hope that it will be formally opened as soon as there are many problems with the presence of the bank. Exporters' money will be solved.

"This is a good move in the current situation in the country and it will help us to circumvent sanctions," he said, referring to the Eurasian treaty. National currency to be used for financial exchange.

* Ilna