News ID: 262020
Published: 0324 GMT November 24, 2019

Iran to ‘outsmart’ US sanctions, boost foreign trade: VP

Iran to ‘outsmart’ US sanctions, boost foreign trade: VP

Iran’s Vice President for Economic Affairs Mohammad Nahavandian said his country is working on new strategies and smarter policies in areas of foreign trade and business to further undermine the repercussions of Washington’s unilateral sanctions against Tehran.

In the current situation that the country is facing economic warfare, it is logical to boost trade and business process with smart systems, Nahavandian said as reported by Fars News Agency.

“According to the reports of the Taskforce Against Smuggling Goods and Foreign Exchange, efforts taken in line with making trade and business processes smart, have been effective,” he added.

So far, big strides have been made in this field, Nahavandian said, adding, “The moves made over the past years have led to imports of products into the country through exports currency.”

Last Thursday, Nahavandian announced that the country intends to increase its trade interactions with the neighboring nations by establishing a special economic zone.

“The government has proposed that the Parliament set up the Baneh-Marivan Free Trade Zone,” Nahavandian said during his visit to Kurdistan Province in western Iran.

The official, meantime, described strengthening of border capacities as one of the pivots of development in Kurdistan.

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