The efforts of the Export Guarantee Fund to establish a brokerage in twenty-one provinces of the country

The efforts of the Export Guarantee Fund to establish a brokerage in twenty-one provinces of the country
  • 2020-08-02
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Managing Director of Iran Export Guarantee Fund: The task of the Export Guarantee Fund is to cover export risk and this fund is trying to establish twenty-one brokerages in the provinces of the country.

According to the International Iranian Stone Exhibition, Afrooz Bahrami, in a meeting with economic activists, exporters and members of the board of the Zahedan Chamber of Commerce, Industries, Mines and Agriculture, praised the exporters' response to the fund, referring to the high risk of exports under sanctions.

He considered the political and trade risks affecting the export process as one of the main concerns of exporters and said: to address this concern and support and develop the export activities of export credit insurance companies, which is based on government support.

Bahrami considered the duty of the Export Guarantee Fund to cover the country's export risk and said: "Today, the sanctions target more risk for the exporter; On the other hand, neighboring countries are also risky, and therefore the services of this fund are more valuable in the current situation and are welcomed by exporters.

The CEO of the Export Guarantee Fund of Iran mentioned the fund's efforts to activate brokerage in 21 provinces and added: "Exporters will be identified and introduced, and if they are interested in using the fund's insurance policies, initial measures will be taken in the relevant province." 

Afrooz Bahrami further said: One of the clauses of the agreement is informing the exporters through the governor's office and chambers; At the same time, training workshops are held monthly and during trips to the provinces.

Referring to the reduction of administrative bureaucracy and increasing transparency in the fund's programs, Bahrami added: "We are trying to provide 80% of services electronically."

Referring to the special services of this fund for exporters, he said: The insurance policies of the fund are granted with discounted fees and depend on the country that buys the exporting product; Therefore, after issuing the insurance policy, it eliminates the exporter's worries.

He added: "A solution has been found for the exporters' capital and the export documents of the exporters can be purchased by this fund."

Abdul Hakim Rigi, "Chairman of Zahedan Chamber of Commerce" also said in this meeting: "The purpose of the Export Guarantee Fund of Iran is to be able to allocate the resources at its disposal to support more exporters in export target markets, based on the efforts of the Export Confederation." Iran and the Export Development Commission of the Iranian Chamber of Commerce, the country's business actors will be identified and introduced to enjoy the financial resources of this fund.

The head of Zahedan Chamber of Commerce further said: in order for traders and exporters of Sistan and Baluchestan to benefit from the services of this brokerage fund, its representative office in the province should be set up and Zahedan Chamber of Commerce is ready to set up a brokerage branch of the Export Guarantee Fund in the province.

* Tasnim