54771
Iran holds about 5 billion tons of ornamental stone reserves.
Iran holds about 5 billion tons of ornamental stone reserves.

Duties on Decorative Stone Exports Opposed

Duties on Decorative Stone Exports Opposed

Slapping duties on decorative stone exports will prevent the sector from growing and realizing its expansion goals, said a member of Iran Mine House on Sunday. 
According to Abolqasem Shafiei, raw stone exports are the lifeline of many Iranian miners, as processing has no economic justification in the current circumstances. He added that over 700 of Iran’s 1,900 stone mines have gone out of business in recent years.
His statements came after deputy minister of industries, mining and trade, Jafar Sarqeyni, announced that unprocessed decorative stone exports will be slapped with a 5-15% tariff rate as of the next Iranian year (starting March 21, 2017).
A similar measure has been taken with regard to iron ore, copper and gold.  
According to Mehdi Karbasian, the head of Iranian Mines and Mining Industries Development and Renovation Organization, the export of these minerals in the raw form will be banned altogether as of March 2017.
Decorative stone exports were banned back in 2006 to put an end to the sale of unprocessed minerals. This dealt a serious blow to the sector’s standing in international markets. Although the measure was eventually revoked, experts believe the sector has yet to regain the markets it has lost.
According to the Ministry of Industries, Mining and Trade, Iran holds about 5 billion tons of ornamental stone reserves and produces close to 14 million tons per year.

Short URL : https://goo.gl/018Wpk
  1. https://goo.gl/NtXpjx
  • https://goo.gl/c1eM1a
  • https://goo.gl/GpulZN
  • https://goo.gl/IPkF3t
  • https://goo.gl/JwDgax

You can also read ...

FAO Forecasts Iran’s Cereal Output to Rise 12% in 2018
Despite autumn dryness, crop conditions recovered in Iran and...
Iran Housing Market Bracing for Double-Dip Recession: Aug-Sep 2018 Report
New data show property deals in Iran are on a downward...
Iran's Summer Box-Office Revenues Exceed $5 Million
Iran’s box-office revenues exceeded 610 billion rials ($5.19...
Hot Autumn for Tehran Stocks
Tehran stocks rose solidly on Sunday, recording another all...
SCI Puts Iran's YOY Inflation at 25.7%
The goods and services Consumer Price Index for the month...
Iran Privatization Organization's Gravest Dilemma: Volatile Forex Market
The gravest problem facing privatization in Iran is the...
Mobile Internet Services Get Costlier in Iran
Major mobile operators MTN-Irancell and Mobile...
Iran Agrifood Exports Rise 27% to Record High of $2.6 Billion
Around 2.94 million tons of agricultural and food products...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus