State Bodies Gear Up to Regulate Iran Auto Market
 State Bodies Gear Up to Regulate Iran Auto Market
Sunday, July 01, 2018

State Bodies Gear Up to Regulate Iran Auto Market

Sunday, July 01, 2018

State Bodies Gear Up to Regulate Iran Auto Market

Given the recent fluctuations in the auto market as the US prepares to reimpose sanctions against Iran, various executive entities in the country have outlined plans to undo a portion of the harm already done to the sector.
According to local automotive website Asbe Bokhar, the Consumer and Producer Protection Organization signed a memorandum of understanding on Wednesday for further cooperation with the Headquarters to Combat Smuggling of Goods and Foreign Exchange. 
As per the MoU, "cars will no longer be delivered in large volumes to representative offices." In addition, no individual will be allowed to submit presale orders for more than one car over a six-month period.
"This was not an overnight call by authorities, and major automakers [including Iran Khodro and SAIPA] have agreed to the decision," head of CPPO Mahmoud Navvabi was quoted as saying.


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