Iran-Germany Trade Expected to Fall by 30%

Iran-Germany Trade Expected to Fall by 30% IRAN NEWS ECONOMIC DESK TEHRAN – Rasul Ranjbaran, a member of the Board of Directors of the Chamber of Commerce of Iran and Germany, says it is predicted the trade between Iran and Germany to fall by 30 percent by the yearend because of sanctions. In an interview with Eghtesadonline, Ranjbaran said that the total trade volume of Iran and Europe stood at 4.3b euros last year and with the current trend, it is predicted the figure to fall to around 3b euros by the yearend, and this means the trade between Iran and Germany will fall by 30 percent by the yearend (late March). Touching upon return of forex resulted from exports to the country, he said that currently there is no way for banking transactions and transfer between both states and accordingly,  most Iranian exporters have resorted to bartering,  and for this reason the return of forex to the national economy is impossible