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Iranian Tire Companies Eligible for Subsidized Natural Rubber Import

Iranian Tire Companies Eligible for Subsidized Natural Rubber Import Iranian Tire Companies Eligible for Subsidized Natural Rubber Import

After the government elevated the status of tire companies' raw material imports to 'high priority', the Islamic Republic of Iran Customs Administration released a statement saying that the firms will be eligible for subsidized foreign currencies at the rate of 42,000 rials to the USD.
IRICA said the import of natural rubber or caoutchouc, which is the main raw material in tire production, will be subsidized. “Tire companies will be eligible for foreign currencies at the rate of 42,000 rials to the dollar for their import needs.”
According to the customs office allocation of subsidized hard currency to tire companies has become a priority.
Last week, the state-run radio and TV reported that the Industries Minister Reza Rahmani had called on the Central Bank of Iran to take immediate action to ease the import of raw materials needed for tire production.
 

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