Economy, Domestic Economy
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Call for Raising Import Tariff on Chinese Tires

Call for Raising Import Tariff on Chinese TiresCall for Raising Import Tariff on Chinese Tires

Over 80% of tires imported to Iran come from China, says Abbas Abbasi, a member of the Association of Tire Manufacturers, adding that the 20% anti-dumping duty currently in place is not sufficient to protect local manufacturers. “The association has asked the Ministry of Industries, Mining and Trade to raise import tariff on tires to 40% on a temporary basis,” ILNA quoted Abbasi as saying. An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.

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