Transit of goods via Iran rises 42 in 7 months yryr

Transit of goods via Iran rises 42% in 7 months yr/yr

TEHRAN - The transit of commodities through Iran increased by 42 percent in the first seven months of the current Iranian calendar year (March 20-October 21) compared to the previous year’s corresponding period, according to a report released by the Islamic Republic of Iran Customs Administration (IRICA).

As reported, 13.239 million tons of commodities was transited via the country in the seven-month period.

This significant increase in transit can indicate the improvement of the economic situation and increase in commercial activities in the transport sector.

The continuous trend of recent transit records via the country and the increasing interest of governments, traders, and those active in transport sectors from neighboring, regional, and extra-regional countries in the transit and logistics situation of the Islamic Republic of Iran indicate the fruitfulness of the transformational approach of the government to the strategic issue of transit, with emphasis on the development of all-round economic relations with neighbors.

As stated by the former Transport and Urban Development Minister Mehrdad Bazrpash, the “Iran Way” initiative made by the current Iranian government, lets the neighboring countries use Iran as a route or a solution that facilitates their access to international waters.

Iran Way initiative is the gateway to Iran's land of transit opportunities, the minister has underlined.

As previously announced by the Transport Ministry, 10.8 million tons of commodities were transited through the country in the Iranian calendar year 1401 (ended on March 20, 2023).

Iran is one of the countries with a special status in trade and transit relations due to its strategic location and special geography, as the country is the passage of several important international corridors.

Considering its geographical location, Iran can play a significant role in the transit of goods in the region and benefit a lot from its status in this due.

Paying attention to upstream documents, especially the country's development plans, and the government's decision to develop transit, paying special attention to infrastructure development, reducing transit time, making it cheaper to cross Iran, and making more advantages over competitors, due to the short path for customers, can lead to facilitating the development of transit so that the country can reach the desired growth in this due.

MA

source: tehrantimes.com