Tire Export Restrictions Abolished

Tire export restrictions, which were imposed after the four-year export ban was lifted in the fiscal 2021-22, have been abolished. 
Tire producers are henceforth allowed to export without any restrictions, while ensuring that it does not create a shortage in the domestic market.
“Restrictions on tire exports, which were set after lifting the export ban last year, have been lifted and manufacturers can export their desired volume while taking into account the preconditions of supplying the domestic market,” Hamidreza Abdomaleki, the head of Iran Tire Association, was quoted as saying by Donyaye Khodro.
“Although we should not expect the current volume of exports to be more than 10% of the turnover of passenger tires and 30% of agricultural tires, these percentages will change when export promotion plans are implemented,” he added.