Financial Tribune- Financial newspaper

Reexports From UAE Cause Iran Losses Worth $500m Annually At present, ships prefer to unload and load Iranian cargo at Emirati ports. The movement of each container between Bandar Abbas and Dubai incurs an additional cost of $500 for Iran; 1 million containers belonging to Iran are being unloaded and loaded in Dubai every year, generating $500 million for the UAE. Iran loses this large sum not to sanctions, but due to the inefficiency of its ports, Masoud Daneshmand, a member of the board of directors of the Association of Transport Companies, says. “Iran’s nuclear agreement will be reached sooner or later, but the repercussions of sanctions on the country’s trade and the delay they have caused in establishing infrastructures are significant. Over the years, Iranian ports should have prepared their infrastructures to receive vessels, especially container ships, according to international standards,” he was quoted as saying by the Persian economic daily Jahan-e Sanat. financialtribune.com/node/114921 @fintribune