Economy, Business And Markets

Tightening Car Import Rules

Tightening Car Import Rules Tightening Car Import Rules

Cars will only be imported through the official representatives of foreign carmakers whose licenses have been registered in the ministry of industry, mine and trade, according to a recent announcement made by the Trade Promotion Organization (TPO). In line with the Article 4 of the law on protecting the consumers’ rights, all durable consumer goods that are imported into the country, including cars, are required to have official representative companies and guarantee services at home, TNA reported on Saturday. Despite the law’s explicit statement, more than 50% of the foreign cars have so far been imported through entities other than the official representative companies. The TPO says the recent move will help authorities have a better control over car prices and consumer satisfaction.