Iran's exports to the UAE increased by 16 percent in the first four months of the year

Iran's exports to the UAE increased by 16 percent in the first four months of the year
  • 2020-08-17
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Chairman of the Iran-UAE Chamber of Commerce: The UAE was the only country to which Iran's exports increased due to all the economic problems and coronary restrictions. In the first four months of this year, we experienced a 16 percent increase in exports to the UAE.

According to the International Iranian Stone Exhibition, the peace between the UAE and the Zionist regime provoked reactions in Iran, and this action of the UAE caused concerns between the economic activists of the two countries. But the fact is that the post-Crohn's economy of the UAE and Iran in the face of oppressive sanctions does not allow the numbers of trade relations between the two countries to decline during this period.

According to economic experts and the Ministry of Foreign Affairs in the economic situation of the two countries, it is unlikely that the UAE will want to change its relations with Iran after the peace with the Zionist regime, and Iran is not willing to reduce these trade relations. Of course, it should be noted that most of these trade relations are carried out by companies owned by the private sector of the two countries, and businessmen of the two countries have formed these relations.

Farshid Farzanegan, President of the Iran-UAE Joint Chamber of Commerce, emphasized on the economic relations between the two countries after the UAE peace with the Zionist regime: "Economic relations should be separate from political positions." Due to sanctions, we do not have many options for trade. Finally, Turkey and the UAE are the two countries in which Iranian traders have maintained their activities.

Emphasizing that after China, the UAE is the most important country in Iran's trade relations, he said: "In the exchanges between the two countries, four and a half billion dollars are Iran's exports and eight and nine billion dollars are imports from the UAE, in other words, trade volume between the two countries." Thirteen billion dollars.

The head of the Iran-UAE Joint Chamber of Commerce said about Iran-UAE trade relations in the first four months of the year: "The UAE was the only country to which Iran's exports increased due to all the economic problems and coronary restrictions." In the first four months of this year, we experienced a 16 percent increase in exports to the UAE.

Farzanegan continued:  The export of Iranian agricultural products to the UAE is very important and very strong traders are active in this field and the history of their trade relations with the UAE reaches more than forty years and with the rise and fall of political relations, trade between the two countries, relations They have maintained their economy.

Referring to the major import and export goods between the two countries, he said: "Until last year, petrochemicals, minerals, industrial products and industrial machinery and agricultural products were Iran's main exports to the UAE."

The head of the Iran-UAE Joint Chamber of Commerce also stressed the performance of the UAE exchange offices: "Currently, there are no problems with the UAE exchange offices, and the only place that does the transfer faster than the night is the UAE exchange offices." None of the countries in the Persian Gulf, not even Oman, has this function for Iran.

He went on to say that the UAE is not the lifeblood and vital artery of money: "Re-export and re-import are from the UAE, because the UAE has become a regional hub in the field of import and export."

* ILNA