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Setting Prices for Imported Cars
Economy, Business And Markets

Setting Prices for Imported Cars

The Competition Committee has been tasked with setting prices for imported cars, ISNA reported on Saturday.
The decision was made by the ministry of industry, mine, and trade in line with the intrinsic task of the committee to set prices for monopolized goods, said the head of the National Association of Consumer Rights, Mohammad Jafari.
Last week, the ministry passed a resolution based on which cars will only be imported through the official representatives of foreign carmakers whose licenses have been registered in the ministry.
The resolution is supported by the Article 4 of the law on protecting consumers' rights which says all durable consumer goods that are imported to the country, including cars, are required to have official representative companies and guarantee services at home.
Despite the law's explicit statement, more than 50% of foreign cars have so far been imported through individuals or entities other than the official representative companies.
Meanwhile, in response to the recent move, the head of the committee, Reza Shiva, says the previous model to import cars were more competitive, adding that the committee needs to consider the issue more carefully and see if the new decision provokes monopoly in car imports.
Shiva further said if it becomes clear for the Competition Committee that the new resolution is provoking monopoly in car imports, it will definitely take necessary measures.
Earlier the Iran prohibited the import of cars with engine displacements of more than 2000 cc, aimed at protecting the domestic car Industry and reduce fuel consumption.

 

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