New Law on Foreign Dealings
Economy, Business And Markets

New Law on Foreign Dealings

Based on a new parliamentary legislation, any government contract with foreign parties worth over $10 million requires a tender notice, which can be domestic or international. In special circumstances, the Economy Minister, head of Management and Planning Organization and the concerned minister will decide about the tenders. However, contracts deemed confidential by the Cabinet are exempt from these regulations. Also, the Central Bank of Iran is only allowed to pay for large contracts if they are approved by a minister or the highest executive of the contracting body.

Short URL : http://goo.gl/AF9GnK
  1. http://goo.gl/jrBXtL
  • http://goo.gl/T95iQL
  • http://goo.gl/xUEd6V
  • http://goo.gl/6joe6V
  • http://goo.gl/X22ZF2

You can also read ...

The Airbus A320 family accounts for most of the narrow-body jets Iranian airlines have ordered in the past two years
Iranian airlines are placing massive orders for short- to...
Apple Again Removes Iran Apps from App Store
In an underhand move Apple Inc. has once again removed...
MANN+HUMMEL Opens Tehran Office
German manufacturing company and leading global filtration...
With 31 holding companies from different fields of industries, services and commerce, Iran is the biggest participant in the 59th Damascus International Fair.
Iran can help Syria accelerate its reconstruction and...
Proposed Industries Minister Vows to Reform Forex, Bank Interest Rates
Mohammad Shariatmadari, industries, mining and trade minister-...
Carpet Expo to Open  in Tehran
Tehran will host the 26th Iran Handmade Carpet Exhibition from...
Foreign Investment to Help Remedy Recession, Inflation
Iranian President Hassan Rouhani, who is beginning his second...
Auto Parts Makers Visit Pakistan
Iran’s commercial attaché  in Islamabad led an economic...