22166
New Tariffs Will Check Unrestrained Imports
Economy, Domestic Economy

New Tariffs Will Check Unrestrained Imports

Tariff systems in the post-sanctions era will be aimed at supporting producers by preventing excessive imports, says deputy minister of industries, mining and trade Mojtaba Khosrotaj.
“The tariff system is an effective tool to keep imports in check,” he said adding that to protect production and control imports the government has adopted a tariff system in which a 75% import tariff will be imposed on goods entering the country, IRNA reported.
 “To control excessive imports, the government intends to stabilize the foreign exchange rates and prevent fluctuations; so it is unlikely that imports will skyrocket once the sanctions are lifted,” the official noted.
Minister of Industries Mining and Trade Mohammadreza Nematzadeh echoed similar remarks in Iran-EU Trade Conference held in the Austrian capital July 23-24 when he said: “We are no longer interested in unidirectional imports of goods and machinery from Europe…We are looking for a two-way trade, as well as cooperation in development, design, engineering and joint investment for production and export.”
The government’s main policy is to remove export barriers. Foreign trade has a minimal share in the country’s economy and accounts for 17% to 18% of the GDP, according to Khosrotaj.
He went on to say that, in the post-sanctions era, a part of foreign trade will be engaged in imports of raw materials for the production of intermediate goods.
“Imports which prepare the grounds for an industrial movement, production or job creation are neither bad nor a cause for concern,” he said.
In accordance with the achievements of the nuclear negotiating team, economic diplomacy needs to be pursued to expand non-oil exports, he concluded.
Iran and world powers agreed on July 14 to end more than a decade of dispute over Tehran’s nuclear energy program. As part of the deal sanctions imposed by the US, EU and the UN Security Council against Iran will be lifted.

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

You can also read ...

Massoud Karbasian (1R), sitting across his Indonesian counterpart Sri Mulyani Indrawati in Washington, DC.  
Iranian Minister of Economic Affairs and Finance Masoud...
The first train to connect China and Iran arrived in Tehran in February 2016 loaded with Chinese goods, reviving the ancient Silk Road.
China is calling on the United States to preserve the Iran...
TCCIM Director Masoud Khansari (C) made the keynote speech at the latest gathering of the influential business body on Oct. 17. (Photo: Saeed Ameri)
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
Frederica Mogherini, high representative of the European Union, will visit the United States in November to persuade administration officials not to abandon the Iran nuclear agreement.
European politicians treated US President Donald Trump’s new...
All devices that support Wi-Fi are most likely affected and users may want to be wary of using Wi-Fi at all until patches are widely rolled out
One more vulnerability that is now affecting practically...
NSFund Helping Knowledge-Based Firms Growth, Export Agenda
Government-backed Innovation and Prosperity Fund (NSFund) has...
Int’l Animal Feed Producers to Visit
Board members of the International Feed Industry Federation...
$7.5b in Loans to for Industries
The Iranian government is extending financial support to...

Trending

Googleplus