Gov’t Urged to Increase Support for Exporters Against Lira Depreciation

The depreciation of the Turkish lira against the dollar threatens to rob Iranian exporters off of their competitive edge in regional markets where Turkey is considered Iran’s main rival, says the head of the Trade Facilitation and Export Promotion Commission of Tehran Chamber of Commerce, Industries, Mines and Agriculture.
“We call the government into urgent action to support exporters, by providing right incentives in a timely manner,” Mohammad Lahouti was also quoted as saying by the TCCIM news portal.
Noting that lira’s depreciation will increase Turkey’s exports, he said, “The neighboring country is a tough rival for us in the region, especially in Iraq, Russia and the CIS [Commonwealth of Independent States] region. Turkey’s policy has for long been to produce goods suitable for exports, therefore they have created considerable infrastructure in this field over the years. On top of that, the Turkish government allocates export incentives to it traders in a highly efficient way.”