One of the reasons for the negative trade balance of the country in 2023 was sanctions, according to the former head of the Chamber of Commerce.
The former head of the Iranian Chamber of Commerce said that in recent years, many tried to say that sanctions have no impact on Iran’s economy. However, part of the reasons for the negative trade balance of the country in 2023 was due to the effects of sanctions.
Hossein Salahvarzi, the former head of the Iranian Chamber of Commerce, said about what caused the country’s negative trade balance in 2023 that in recent years, many tried to say that sanctions have no impact on Iran’s economy. However, part of the reasons for the negative trade balance of the country in 2023 was due to the effects of sanctions.
He added that another issue is that from the perspective of economic diplomacy, developments in Iraq and Afghanistan as two major trading partners of Iran have had a significant impact on reducing the country’s trade, especially as Iraq seeks to revive its dinar and is trying to stabilize its banking system.
The former head of the Iranian Chamber of Commerce further explained the impact of the country’s domestic policies on trade, stating that domestic policies also had an influence on the reduction of Iran’s non-oil exports in 2023, in addition to external factors.