Iran to support exports to Kazakhstan.

By bne IntelliNews December 18, 2009
Iran will support exports to Kazakhstan . The Export Guarantee Fund of Iran stated that Kazakhstan was kept in group 4 of the risk classification with a credit limit of USD 180mn. Of which, USD 60mn is allocated for short-term credit limits (less than 2 years) and USD 120mn is set for medium and long term credit limits. The fund was warned businessmen and investors interested in doing business in Kazakhstan to take heed due to the global crisis and to reduce risk by consulting experts and getting insurance before closing contracts. Business person were also advised to work through 6 banks, approved by the fund.

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