’Devaluation of Turkey’s lira, a threat to Iranian exports’

Chairman of Iran Export Confederation Mohammad Lahouti said on Sunday that the devaluation of Turkey’s lira will help boost the country’s exports which will affect Iran’s exports to main destinations.

19 December 2021
ID : 33347
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Chairman of Iran Export Confederation Mohammad Lahouti said on Sunday that the devaluation of Turkey’s lira will help boost the country’s exports which will affect Iran’s exports to main destinations.

“As the Turkish exporters are highly supported [by the government], the effect of the national currency devaluation will double and will definitely affect our main markets, including, Iraq, Russia and the CIS countries,” Lahouti said.

He noted that Turkey is key rival for Iran in export markets, particularly, Iraq, Afghanistan and CIS countries, excluding Armenia.

Turkey pursues export-oriented policies and its infrastructures in banking, transportation, international communication and packing are different from those in Iran, Lahouti said, noting that devaluation of the country’s national currency to record low will definitely lead to a boost in Turkey’s exports.  

He said that a rise in Turkey’s exports is something inevitable, and urged the Trade Promotion Organization of Iran to pay incentives to exporters in the markets where Turkey is the main rival of Iran.

Lahouti said that the Iranian export items that are more subject to threat are agricultural commodities and foodstuff. 

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