TEHRAN – Chairman of the Iran-Vietnam Joint Chamber of Commerce Mostafa Mousavi has said alternative financial mechanisms, including barter trade, can help boost exports and facilitate the return of export revenues amid restrictions on financial transfers.
Mousavi said there is potential to develop direct trade between Iran and Vietnam if political and economic conditions improve, according to a press release by Iran’s Chamber of Commerce on Wednesday.
He stressed the need to pursue alternative mechanisms when direct transfers of export earnings are difficult, including using exported goods to obtain needed imports and keep trade flows moving.
He noted that sanctions and transportation challenges have complicated Iran’s trade with Southeast Asian countries. Mousavi said stronger trade ties with the region would require more stable foreign relations, reliable financial channels and improved transport infrastructure, creating better conditions for Iran to expand its economic engagement with Southeast Asia.