71544
High Transport Costs Impede Iranian Exports
High Transport Costs Impede Iranian Exports

High Transport Costs Impede Iranian Exports

High Transport Costs Impede Iranian Exports

Transportation costs account for 12% of the final prices of goods in Iran while the global standard stands at 6%, a board member of Tehran Chamber of Commerce, Industries, Mines and Agriculture said. “High transportation costs have become a major obstacle for Iranian exporters,” Fatemeh Moqimi was also quoted as saying by Exim News, emphasizing that the government needs to come up with more efficient measures to address the challenges in the sector. “This is while fuel prices in Iran are the lowest in the region–$0.18 per liter,” she said. The country’s dilapidated road fleet also needs to be replaced with fuel-efficient, low-cost trucks. According to a report by the Roads Ministry, there are about 120,000-130,000 vehicles in Iran’s cargo truck fleet with an average age of over 25 years. The country needs 15,000 new trucks each year to renovate its fleet. The government has been offering considerable incentives for replacing old trucks, financing up to 80% of the vehicle’s price. However, Moqimi believes that easing imports of foreign trucks, revising regulations and empowering the private sector could prove more effective in boosting the transportation sector.

Short URL : https://goo.gl/ZmyJBk
  1. https://goo.gl/hi5UB8
  • https://goo.gl/L6j7H3
  • https://goo.gl/x688Ji
  • https://goo.gl/eoAnpC
  • https://goo.gl/CVcGDM

You can also read ...

INTA Defends Monitoring of Bank Transactions
Head of the Iranian National Tax Administration Kamel Taqavi-...
Iran-Iraq Bank Can Help Boost Trade
The head of Iran-Iraq Chamber of Commerce believes that the...
Banks’ Fiscal H1 Loan Portfolio at $68b
The Iranian banking system paid out 2.7 quadrillion rials ($67...
Loan Rate Cut on MCC Agenda
Declaring that banks have now reduced the interest on their...
Banana Imports Top $260m
Around 347,000 tons of fresh green or dried bananas worth $267...
About 586 million shares valued at $46.23 million changed hands at TSE on Oct. 22.
Tehran Stock Exchange’s main index gained 49.70 points or 0.06...
TCI to Unveil eWallet
The local fixed-line operator Telecommunications Company of...
Economy Minister Masoud Karbasian addresses the first conference on managing public sector debts in Tehran.
Facing the prospect of a shortage of assets and a gaping...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus