The Wall Street Journal reported on March 3 that at the end of last year, the Ministry of Commerce of China issued a notice stating that some Iranian exporters failed to strictly perform the contract, and the Iranian enterprises refused to ship or shred the goods after receiving the shoddy. Goods and other means seriously damage the interests of Chinese enterprises. At a recent Iranian mining industry conference, some Iranian iron ore exporters said that Chinese buyers also have to bear some of the responsibilities. Mansoor Jamshidi, head of mining company Golgohar Mining and Industrial Co., said that sometimes Chinese people receive goods but don't pay. Sometimes Iranians receive money but don't ship to China. Abbas Mirab, sales manager of SN Steel Co., said that many of the iron ore trade between China and Iran was paid through Turkish transit letters of credit, and a small number of Chinese buyers did not pay in time, which caused the delivery to be interrupted, but the problem did not universality. In addition, the Iranian government’s industrial policy may encourage exporters to violate trade commitments. Hussein Etminan, sales manager at Golgohar in Iran, said that the Iranian government is calling for the vast majority of the original ore products to be used domestically. Perhaps this new policy has led to the default of ore foreign trade.
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