Approval Granted for the Use of Export Proceeds in Imports

Mohammad Ali Dehghan Dehnavi, Deputy Minister of Industry, Mine, and Trade, announced the approval of exporters using their foreign currency earnings from exports to import goods, calling it a major step in facilitating trade and removing barriers to production and commerce in the country.

Speaking at a consultative meeting on foreign trade, Dehghan Dehnavi noted that the judiciary has recently adopted a more supportive approach towards resolving challenges in trade. He emphasized that trade plays a pioneering role in driving production and stressed that investments in industry must be purposeful and strategic.

He added that industrial thinking should be rooted in trade principles, as trade boosts growth and productivity. He also underlined the importance of strengthening ties between the Trade Promotion Organization of Iran and provincial authorities, encouraging the use of regional capacities to expand exports.

The Deputy Minister pointed out that the Currency Committee at the Ministry of Industry has made significant decisions in recent months. Among them is the approval allowing exporters to use their export earnings for imports. This decision is now being implemented in the Integrated Trade System under the title “Additional Export Quota”.

He concluded by saying that this initiative will pave the way for new opportunities in trade, enabling producers and new traders to engage in both exports and imports, ultimately reinforcing Iran’s position in global trade and economic development.