Home Appliance Import Ban Extended Until March 2022

The ban on the import of home appliances, first implemented around three years ago, has been extended and will remain valid at least until the end of the current Iranian year (March 2022), according to deputy minister of industries, mining and trade, Mehdi Sadeqi Niyaraki.
Noting that Iran’s home appliance industry needs close to 220 trillion rials ($797 million) in annual working capital to meet domestic demand, the official said domestic production rose by 40% in the last fiscal year (ended March 20, 2021), Mehr News Agency reported