Buying and sourcing from Iran. What to import and how to procure?

Iran: a good place to source high quality at low pricing

Iran has abundant natural gas, oil and mineral resources and a large pool of trained and efficient manpower. The country is apt to technological progress and international development. With the international sanctions lifted, this economy with almost 80 million people is expected to boost and export opportunities for all kind of foreign companies will arise.

On top of this, due to inflation and exchange rates, the value for money that you can get in Iran is very high at the moment. It is a perfect country to source from. How to find the right supplier and how to ensure that you get what you want, without any problems? Follow these guidelines for success.

Buying something and sourcing is something different

Buying something is mostly easy, if you know the supplier already. Sourcing is the process of finding the right supplier, who can either be a manufacturer, importer or distributor. And sourcing is all about getting the right pricing and delivery conditions.

Have a good procurement strategy in place

Procurement is the overall process of sourcing and buying (or purchasing). You should have a process in place, to optimise the balance between the effort in finding the right sources and negotiating a lower price, and the pricing itself. Typically for larger purchases, it makes sense to do a broad search and, especially where it comes to searches abroad, to hire somebody to do the sourcing for you.

Select the right manufacturers and double check

Before you start ordering complex products or large quantities, make sure that you check your source. If you don’t go there yourself, then send somebody trusted, preferably who understands the local language and knows the local situation. We have a team based in Tehran who can visit suppliers in case travel for you is still restricted.

Check the export and import procedures

Import duties can limit the financial advantage of sourcing abroad. And customs formalities can further increase shipping times. Especially in Iran making payments is always an issue, but in some cases you can pay to subsidiaries outside Iran or through some Middle Eastern banks. We know the drill and can guide you.

Alliance experts can help you find the right supplies abroad

Alliance experts is a global network of business development specialists. We are active in all important economies around the globe and meet many manufacturers and trading companies. With our international team we can relatively easy look for suppliers abroad who can provide you with a unique product features or a lower cost price.

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