Eliminate the added value of issuing guarantees and export insurance policies

Eliminate the added value of issuing guarantees and export insurance policies
  • 2021-05-15
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Referring to the provision of $ 3.6 billion in insurance and guarantee services last year, the CEO of the Export Guarantee Fund announced the agreement of the Islamic Consultative Assembly and the Guardian Council to eliminate 9% of the added value of obtaining insurance and guarantees for exporters.

According to the Iran International Stone Exhibition, Seyed Abdullah Sajjadi in the symposium of the country's export development plans, referring to the organization's actions to facilitate the export process and support exporters, said: "Fortunately, with the efforts and follow-up of the Export Guarantee Fund, The Islamic Consultative Assembly removed 9% of the value added imposed on exporters in order to obtain guarantees and insurance policies, and the exporters were exempted from paying it, which we hope will serve traders in better conditions after its announcement.

The CEO of the Export Guarantee Fund further informed about the negotiations of this fund with the Eurasian Union member states and specified: "Good negotiations have been held with the Eurasian Union member states and God willing, a five-party memorandum of understanding will soon be reached between the Export Guarantee Fund and ECA We will announce.

Sajjadi explained that this memorandum provides the possibility of receiving trade information from countries that buy Iranian goods, said: "Through it, it will create a strong and solid credit for the Export Guarantee Fund and ultimately provide appropriate services to exporters."

He concluded by emphasizing the strong presence of the Export Guarantee Fund in international exhibitions, adding: "Last year, a new record was set in the history of this fund by providing $ 3.6 billion in insurance services and guarantees."