Export coverage to Eurasia up to $ 800 million by Iran Export Guarantee Fund
The Chairman and CEO of the Export Guarantee Fund of Iran announced the fund's readiness to support the development of Iran's exports and investment in the Eurasian Economic Union member states.
According to the International Iranian Stone Exhibition, Seyed Abdullah Sajjadi in the meeting of Iran-Eurasia economic diplomacy, referring to the limitations of the country's banking system in brokerage relations with foreign banks due to US sanctions, said: Issuing mutual guarantees with the help of peer institutions is a strategy The new institution is a support for the security of foreign trade.
He pointed out that out of 5 member countries of the Eurasian Economic Union, except Kyrgyzstan, other countries have a National Export Guarantee Fund, and announced the signing of a memorandum of cooperation between the Export Guarantee Fund of Iran and these institutions to facilitate trade, investment between our country and Eurasia. Called it a suitable solution to fill the gap in the country's banking relations with Eurasia.
The Chairman and CEO of the Export Guarantee Fund of Iran, referring to the allocation of $ 800 million in coverage for five countries: Russia, Kazakhstan, Armenia, Kyrgyzstan and Belarus, added: "Supporting exports by covering Eurasian political and trade risks is a priority of this fund." Will be located.
Sajjadi added: "Despite allocating a ceiling of $ 800 million, unfortunately, the amount of use of these services by the country's merchants has not been significant so far."
Chairman of the Board and CEO of the Export Guarantee Fund of Iran, referring to the memorandums of cooperation between the Export Guarantee Fund of Iran and the corresponding institutions in Russia called Exiar, Kazakhstan called Kazakh Export, Armenia EIAA and Belarus called Exim Garant, implementation of memorandums He mentioned this as one of the future plans of this financial and insurance institution in order to promote economic diplomacy with the Eurasian Economic Zone.
It is worth mentioning that Iran-Eurasia Economic Diplomacy meeting with the participation of ambassadors and diplomats of Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan and Reza Ardakanian, Minister of Energy, Zadboom, Head of Trade Development Organization and high-ranking economic officials are taking place at the conference. Is holding.
