Industries, Mining and Trade Minister Reza Fatemi-Amin clarified ambiguities related to car import rules and regulations in a press conference on Sept. 5.
“From the very outset, we announced that the Ministry of Industries, Mining and Trade is not opposed to car imports because the car industry’s monopoly can only be broken by imports,” he was quoted as saying by Khabar Khodro.
“The supply-demand imbalance, two rates of car prices in the domestic market, determining car price based on the USD rate and considering car as a capital good were other reasons that make car imports crucial.”
The minister stressed that since there is no high-quality economy car in the domestic automotive portfolio, the production platforms are old and the release of a new product requires at least 18 months, Iran must make up for the lack of economy products through imports.
September 09, 2022 13:55
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Car Import Rules Clarified
Since there is no high-quality economy car in the domestic automotive portfolio, the production platforms are old and the release of a new product requires at least 18 months, Iran must make up for the lack of economy products through imports
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