Tehran Starts Bartering Trade With Hanoi

Tehran Starts Bartering Trade With Hanoi IRAN NEWS ECONOMIC DESK TEHRAN – A member of industries commission in Iran Chamber of Commerce says Iran has started bartering trade exchanges with Vietnam, adding that by launching barter system, the country’s exports would increase by 40 percent. Mohammad Hassan Didehvar in an interview with ILNA said that launching the bartering trade system is the easiest way for transfer of goods into the country, adding that perhaps in the past years bartering system was an appropriate way for easy exports but currently there is no harmony in this system because the country’s exports have significantly declined and it is not as much as imports, reiterating that barter will be good and useful issue if there are some facilities for exports. On the restrictions for exports, he said that unfortunately exports have been limited, for example, Iran has huge amount of money in South Korea which has been blocked and due to sanctions the country is unable to export to South Korea but with country like Russia this method is still on.