Iran’s Chamber of Commerce customs committee chair said U.S. sanctions and an economic blockade cannot completely stop the country’s foreign trade, citing Iran’s geography, regional ties and multiple trade routes. He said authorities are removing domestic trade barriers to ease business, exploring alternative channels to keep trade flowing under rising sanction pressure, and implementing trade pacts involving the Eurasian Economic Union and Shanghai Cooperation Organization. He added that bilate

Iran’s Chamber of Commerce customs committee chair said U.S. sanctions and an economic blockade cannot completely stop the country’s foreign trade, citing Iran’s geography, regional ties and multiple trade routes. He said authorities are removing domestic trade barriers to ease business, exploring alternative channels to keep trade flowing under rising sanction pressure, and implementing trade pacts involving the Eurasian Economic Union and Shanghai Cooperation Organization. He added that bilateral and regional currency and financial agreements with neighbors are being used to smooth trade, reduce reliance on intermediary currencies, ease liquidity frictions and support non-oil exports.