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Government Announces Regulations, Bylaws for Importing Economy Cars

Following the announcement of regulations for car imports on Aug. 25, bylaws for the implementation of car import were also released
Government Announces Regulations, Bylaws for Importing Economy Cars
Government Announces Regulations, Bylaws for Importing Economy Cars

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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