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Monday August 3, 2020
I've Been Thinking:
Indian companies are about to stop exporting tea and basmati rice to Iran.
Their complaint is that it is very difficult to get payment from Iran.
The CEO of a rice company in India said “The payment is very slow and it is coming in small batches. It is becoming impossible to do trade with Iran. The Indian government should work out a deal with Tehran so that exports can be carried out smoothly.”
Iran loves basmati rice and Indian tea and they are very large importers of both.
But when a client cannot send you money, the supplier shuts down the supply.
Once again, sanctions are hurting Iran.
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