Exporters are more supported this year
The CEO of the Export Guarantee Fund of Iran, stating that exporters have more support this year, said: "This year, this fund will support exporters more than before."
According to the International Iranian Stone Exhibition, Afrooz Bahrami said: "In these circumstances, the Export Guarantee Fund of Iran has even increased the level of risk coverage and reduced franchises, and given that the Export Guarantee Fund of Iran is an export credit insurance company (ECA), risks Politically and commercially insures exporters.
The CEO of the Export Guarantee Fund of Iran added: "Exporters may face various political and commercial risks in the process of exporting, especially in the face of sanctions. Facilitate cases.
He added: "Iran's Export Guarantee Fund last year covered two and three billion dollars of the country's credit exports, meaning that two and three billion dollars of exports were made from the country under the insurance policies of this fund."
Bahrami stated: Due to the sanctions imposed on the country's banking system, the guarantees of Iranian contractors to participate in international tenders were not accepted.
He continued: "Contractors' guarantees are based on contracts, such as good performance guarantees, advance payments and participation in tenders."
The CEO of the Export Guarantee Fund of Iran said: "The fund in this field has somehow replaced the banking system and has been able to remove the obstacles to the export of technical and engineering services in the country by issuing these guarantees."
He added: "This year, the Export Guarantee Fund of Iran is trying to expand its support for exporters, even increasing the level of risk coverage and reducing franchises."
Bahrami said the fund would reduce the franchise trade risk by 5 percent and cover the export trade risk by 59 percent.
He continued: "Also, the franchise of political risks is completely eliminated and 100% of the political risks of exporters are being covered."
The CEO of the Export Guarantee Fund of Iran said: "Political risks are related to the buyer's country, not the buyer's company."
"Sanctions themselves are a political risk," he said. The percentage is covered and then applied to the international courts for compensation, which has nothing to do with the exporter.
Bahrami stated: Seizure of ships, confiscation of property in the destination country, non-transfer of currency due to the severance of banking relations, etc. are among the political risks.
He said that after the Corona flow, the nominal credit ceiling has increased by 25 percent, while the debts of exporters to the fund have been postponed for six months.
The CEO of the Export Guarantee Fund of Iran added: "This year has been named the year of production leap by the Supreme Leader."
He said that in order to fulfill the slogan of the year, three components should be considered, such as increasing the supply sector, stimulating demand and improving the business environment.
Bahrami noted that exports can be very helpful in stimulating demand.
