Economy, Auto
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Car Market Under Majlis Scrutiny

Car Market Under Majlis ScrutinyCar Market Under Majlis Scrutiny

The Iranian Parliament on Sunday advanced plans to directly engage in monitoring and moderating the country’s turbulent auto market.
A total of 142 lawmakers voted for urgently pushing through the bill while 68 were against it, and two parliamentarians abstained, ICANA reported.
The proposed plan can lead to the introduction of a bill which would aim to put in order car imports and tariff rates to help enhance competitiveness and promote local production.
If the bill is approved, it can obligate the government to set new import tariffs at the maximum limit of 55% and it will give the administration of President Hassan Rouhani at most three months to do so after the bill is signed into law. 
 

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