Regulations for car imports, approved by the Council of Ministers on August 17, were announced by First Vice-President Mohammad Mokhber on Aug. 25.
Although the price of imported cars has a ceiling of €20,000 freight on board and a maximum of $1 billion will be allocated in foreign currency for the purpose, cars under €10,000 FOB enjoy priority.
Meanwhile, the Ministry of Industries, Mining and Trade has also been obliged to produce economy cars worth up to €10,000 to grab a share of these imports, Donyaye Khodro reported.
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