Businessmen call for easing trade with Iran

Dubai: Businessmen have appealed to the Dubai Government to intervene and ease restrictions imposed on them in trading with Iran.

The appeal was made on Monday by businessmen and traders during their meeting with Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai.

The businessmen and traders in the export and import sector, trading in food, medicines, building materials and auto spare parts, have complained that they were facing obstacles when importing, exporting and re-exporting with Iran due to restrictions imposed by banks in terms of opening letters of credit and finance so as to fulfill their contracting obligations with their partners.

The businessmen appealed to the government to intervene with the relevant authorities and related countries to facilitate finance and find clear mechanisms of dealing to curb the damage that may face the trade sector.


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