Economy, Domestic Economy
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Official: Iran Lags in Qatari Market

Official: Iran Lags in Qatari MarketOfficial: Iran Lags in Qatari Market

Iran has lagged behind Turkey in seizing the opportunities in the Qatari market after Saudi Arabia and four of its allies in the region, namely the UAE, Bahrain, Egypt and Libya, cut diplomatic and economic ties with Doha back in June, the head of Shiraz Chamber of Commerce, Industries, Mining, and Agriculture, Jamal Razeqi Jahromi, said.

The Shiraz chamber is in charge of Iran’s exports to Qatar as well as to Syria, Iraq and Russia.

“Iran’s exports to Qatar have faced a lot of problems such as high transport costs, high end prices of domestic products, unprofessional business approaches, among others,” the news portal of Tehran Chamber of Commerce, Industries, Mining, and Agriculture quoted Jahromi as saying.

However, the official stressed that Iran can increase its non-oil exports to Qatar, especially cast iron, metal, steel, organic chemical compounds, plaster, lime, cement, dairy products and other food products.

Yet, despite all the hurdles, latest statistics released by the Islamic Republic of Iran Customs Administration show Iran exported $139 million worth of non-oil goods to Qatar during the seven months to Oct. 22, registering a remarkable 117.5% increase compared with the same period of last year.

Iran’s exports to Qatar saw a significant growth during the month ending Oct. 22. Iran exported about $50 million of non-oil products to Qatar during the one-month period, which shows a fivefold surge YOY.

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