61423
Proposal to Raise Paper Import Tariff Opposed
Proposal to Raise Paper Import Tariff Opposed

Proposal to Raise Paper Import Tariff Opposed

Proposal to Raise Paper Import Tariff Opposed

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh has written a letter to First Vice President Es’haq Jahangiri, calling for a 5% rise in import tariffs on paper to reach 10% to protect domestic producers, which has been opposed by the main domestic users.
“Importers are enjoying the 9% exemption from value added tax whereas local producers have to pay the VAT on the import of raw materials, including paper pulp, wood, bagasse and chemicals, which has created an unfair competition,” reads the letter cited by Mehr News Agency.
The minister’s letter comes as groups ranging from publishers to newspaper owners to paper associations (except for local paper producers) have opposed the ministry’s plan to increase import tariff on paper.
According to Hossein Mirbaqeri, the head of the Association of Paper and Paperboard Sellers, domestic production can only meet up to 25% of the country’s paper requirements due to its low quality.
“Newspapers will be the first to suffer from a rise in paper prices,” he has been quoted as saying by ISNA.

 

Short URL : https://goo.gl/apFBzb
  1. https://goo.gl/MXg16Z
  • https://goo.gl/PJIJaD
  • https://goo.gl/pbXoYn
  • https://goo.gl/J8yWX5
  • https://goo.gl/Cq8yZ0

You can also read ...

iPhone 8 Arrives in Tehran
Apple’s new handsets iPhone 8 and 8 Plus arrived in Tehran on...
 President Hassan Rouhani (L) meets Russian President Vladimir Putin at 2015 BRICS summit in Russia.
The member states of BRICS, the association of five major...
BPI to Fund French Projects in Iran
Bpifrance, the country’s state investment bank, will finance...
Iran to Join Postal SWIFT in December
Iran will be connected to the financial services system of the...
4,200 State Accounts Moved to Central Bank of Iran
Some 4,200 state-owned companies’ bank accounts have been...
Montreal Hosts Iran-Canada Business Confab
The first conference between Iranian and Canadian businessmen...
Steel Exporters Welcome Rial Depreciation
It’s a fairly straightforward scenario. Weakening a domestic...
HRC accounted for the lion’s share of finished steel usage in Iran during the five-month period.
Iran’s semi-finished steel exports during the first five...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus