December 04, 2008

Iran lifts restrictions on imports from Czech Republic

The Czech Embassy's trade attaché in Iran recently said that Iran has lifted restrictions on imports from the Czech Republic imposed 4 years ago.

It is noted that in 2003, in reaction to anti Iran broadcasts from Prague of a US run radio, imports from the Czech Republic to Iran were conditioned on obtaining permits from the Iranian foreign ministry.

Subsequent to this restriction, Czech exporters faced problems regarding their commercial transactions with Iran, especially in the form of long delays to obtain permits, although the flow of exports from the republic never really stopped. In many cases, Czech exporters had to go through third parties.

In 2006, the value of trade exchanges between Iran and Czech, which had amounted to USD 140 million in 2005, dropped to a mere USD 45 million.