13815
Car Import Tariffs Unchanged
Economy, Business And Markets

Car Import Tariffs Unchanged

Car import tariffs in the new Iranian calendar year (started march 21) will remain unchanged, said Abbas Hosseini, an official at the industry ministry. He said just like last year, import tariffs on cars under 2,500 cc displacements would remain 40% while the import of cars with engine displacements of over 2,500 cc will be banned, according to Boursepress. The decision is based on a resolution approved by the cabinet. Meanwhile, French automakers Peugeot and Renault have expressed their satisfaction with the recent nuclear understanding between Iran and the major powers, calling Iran a strategic auto market. The two companies are looking forward to reenter Iran’s market as soon as a final nuclear deal is clinched in summer. Iranian giant automaker Iran Khodro (IKCO) recently signed a €300 million joint venture with Peugeot.

Short URL : http://goo.gl/oHQ9fd

You can also read ...

Central Bank of Iran Against Market Intervention
Central Bank of Iran's Governor Abdolnasser Hemmati said the...
New Forex Initiative Unable to Tip Scales
The new forex initiative has only managed to fix major policy...
VDMA Backs Iran Trade
Germany’s plastics and rubber machinery trade association,...
Musk Bid for Tesla Still Murky
Tesla Inc’s board named a special committee of three directors...
Equity-Based Sukuk Return to Iran Capital Market
The government is set to clear part of its debt to Social...
Tehran Shows 4th Biggest Upturn in Economist’s Livability Index
Tehran is one of the top five cities in the world to have...
S. Korea Bans Recalled BMWs Over Fire Fears
The South Korean government has said it will ban about 20,000...
Over €81m Worth of Airport Equipment Purchased  Post JCPOA
Iran Airports & Air Navigation Company, an arm of the...

Trending

Googleplus