Exports to Iran Shifting From Big to Small Companies
Iran's Fars News Agency has reported that small and medium-sized companies in Europe and Asia are entering Iran's market to replace big companies that have scaled down their operations in Iran to avoid various trade sanctions imposed by the U.S. and other countries.
The article indicates that overall European Union exports to Iran increased 17.8% during the first four months of this year after a three-year decline. The article indicates that exports to Iran from Italy have increased 33%, exports from France increased 30% and exports to Iran from Germany increased 17%. By contrast, exports from the UK to Iran declined by 8%.
The article also quotes the vice-president of Iran's chamber of commerce for international affairs as saying:
"It is a natural trend in any market that when multinational companies withdraw for political reasons, smaller companies which are less capable in economic terms but also less vulnerable in political terms get into the market more easily than before" and "We are shifting from big companies to smaller companies, from big countries to smaller countries and from Europe to Asia."
Labels: Sanctions; Iran