The Economy of Iran
The Bazaar, Private Sector and Trade
Traditional merchants of the bazaar and private manufacturers play an important role, working through licensing, currency controls and unofficial channels.
Business under constraint.
Bazaaris
Merchant networks influence politics and trade.
Exports
Non-oil exports include petrochemicals, steel, pistachios, saffron and carpets.
Partners
China, the UAE, Turkey and Iraq are important trading partners.
Workarounds
Barter, third-country intermediaries and informal exchange help overcome sanctions.
Saffron sales
Iran supplies most of the world's saffron, a high-value export.
Overlooking non-oil exports
They are a significant source of income.
Key takeaways
- The bazaar is influential.
- Non-oil exports exist.
- Neighbours are key partners.
- Workarounds are used.
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