Deputy Minister of Industry, Mines and Trade, and Chief of the “Trade Promotion Organization“, announced forecasting for a $ 2 billion purchasing credit line for Iran’s export destinations, with the highest share dedicated to Iraqis.
According to the official website of the Islamic Republic News Agency, IRNA, “Mojtaba Khosrowataj”:
“The credit is foreseen from the National Development Fund and in the form of a package of export incentives that will empower buyers of Iranian goods in different countries,to by Iranian products and goods for a period of 6 months, one year and two years (depending on the type of goods).
According to the official, in some countries, due to higher export credits from Iran, the buyer’s credit will be higher in numbers in order to meet the needs and capacities of the customers and to meet the demand side; in this regard, a table has been provided for each country’s share of this credit line with specified values.
Mojtaba Khosrowataj also said that of the $ 2 billion projected, the highest share belongs to Iraqis because of the highest export capacity of Iranian goods to the country.
Khosrowtaj noted: The amount of this figure can be allocated to targeted export countries, depending on the demand of customers in these countries with a direct relationship with their request.
Saudi presence in the Iraqi market
The head of the Trade Promotion Organization also said in response to a question regarding Saudi planning for a more powerful presence in the Iraqi market and the withdrawal of Iran, “The world today is a world of competition, and all companies and economic activists should be prepared to face and confront their rivals.
Khosrowtaj emphasized that the country wants to have a strong and vibrant presence in the market should not hurt the presence of large Iranian companies, because we must always anticipate the types of competitors and their strategies in the market.
Earlier, the economic advisor to the Islamic Republic of Iran in Iraq, told IRNA: Iran’s use of economic and trade opportunities requires a rework of methods and processes to succeed in the Iraqi market.
Iraq is one of the most important export markets of the country, with the Islamic Republic of Iran becoming its second destination in the first six months of this year, with exports worth $ 3.6 billion.
