Economy, Domestic Economy
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Iranian Traders at IITF Air Grievances

Iranian Traders at IITF Air Grievances Iranian Traders at IITF Air Grievances

Iranian businesses attending the 35th India International Trade Fair, which was held in New Delhi, India, on November 14-27, complain about the host country’s cumbersome customs regulations, imposition of additional costs and delay in visa issuance for traders.

“India’s strict regulations and irrational requests led to delay in discharge of commodities and, thus, imposition of additional costs that raised the price of Iranian products,” IRNA quoted a trader in IITF, Mostafa Asadi, as saying.

According to Asadi, India’s Board of Excise and Customs charged the traders $1,500 per day for storage costs.

He said Iranian traders in IITF were not able to compete with other countries as they had to raise their prices almost twofold the regular tags.

Hossein Bamiri, Iran’s commercial attaché to India, says complications related to issuance of visas are one of the main barriers to trade with the country.

“Conditions are such that each Iranian trader can only get a visa not more than twice a year,” he said.

Financialtribune.com