Twice the expansion of export cover umbrellas
Although the escalation of oppressive US sanctions has put pressure on the country's foreign trade and export figures have plummeted this year, export support institutions are working to mitigate the effects of the sanctions and design a mechanism to resist. Exports are against it.
According to the Iran International Stone Exhibition, the coverage of export risks by the Export Guarantee Fund of Iran, which plays a role in providing a variety of insurance policies and credit guarantees as a shock absorber, has doubled compared to the same five months last year.
According to the report, the coverage ratio of the Export Guarantee Fund from the country's exports, which was about 5% in previous years, has reached about 10% in the first five months of the year, which is similar to that of the developed countries.
The volume of non-oil exports in the first five months of this year was ten billion eight hundred and seventy-five million dollars, which is covered by the Export Guarantee Fund more than one billion dollars, thanks to which the necessary security for the development of export markets is provided under sanctions. Is.
The record of 10 percent penetration of the fund's coverage of the country's exports in the first five months of the year has been achieved while the fund had planned to achieve this goal for the final year of the Sixth Plan, which fortunately with the jihadist efforts of managers and export guarantee staff, three years It was realized earlier than planned.
Also, the Board of Directors of the Export Guarantee Fund of Iran this year, due to the conditions of sanctions and the corona pandemic, has approved resolutions to further support non-oil exports and change the processes of supporting export and import, which have effects on the significant growth of this institution. Is observed.
In this regard, special support for small and medium production and export companies and knowledge-based and insurance innovations to facilitate the purchase of export documents and support the import of raw materials for export producers, which will lead to the export of high value-added goods and fulfill the slogan of production leap. Is on the agenda of this institution.
It is worth noting that due to the importance of strengthening the Export Guarantee Fund in the face of sanctions, the Economic Coordination Council of the Armed Forces, in May this year, approved a 200 million euro increase in the fund's capital from the National Development Fund.
* ILNA
