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Iranian Auto Importers Caught Off Guard by Outright Ban - Interview

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Iranian Auto Importers Caught Off Guard by Outright Ban - InterviewIranian Auto Importers Caught Off Guard by Outright Ban - Interview

Iranian car importers have run into an insurmountable brick wall, facing a total ban as per a directive signed on June 20 by the industries minister and officially announced two days later. 
In the face of the abrupt decision, head of Iran's Auto Importers Association says that due to the sudden imposition of the restriction, the country's auto market is heading toward uncharted territories and prices are certain to spiral out of control.
With indubitable losses to be inflicted on firms and the public, in an interview with Financial Tribune, Farhad Ehteshamzad called on authorities "to provide importers with a wind-down period so as to enable them to meet their current commitments and mitigate the upcoming losses."

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