The former head of the Chamber of Commerce cited sanctions as one of the reasons for the negative trade balance of the country in 2023.
The former head of the Iran Chamber of Commerce said that in recent years, many have tried to claim that sanctions have no impact on Iran’s economy. However, part of the reasons that led to the negative trade balance in 2023 stemmed from the effects of sanctions.
Hossein Selahvarzi, the former head of the Iran Chamber of Commerce, discussed what led to the negative trade balance in 2023, saying that in recent years, many have tried to claim that sanctions have no impact on Iran’s economy. However, part of the reasons that led to the negative trade balance in 2023 stemmed from the effects of sanctions.
He added that another issue is that, from an economic diplomacy perspective, regional developments in Iraq and Afghanistan, as two of Iran’s main trading partners, have affected the reduction of the country’s trade, especially as Iraq is seeking to revive the dinar and is trying to organize its banking system.
The former head of the Iran Chamber also spoke about the impact of the country’s domestic policies on trade, explaining that domestic policymaking also contributed to the reduction of Iran’s non-oil exports in 2023, adding to the foreign causes.
