6251
Manufacturing Needs Priority Over Trade
Economy, Domestic Economy

Manufacturing Needs Priority Over Trade

Domestic manufacturing should have priority over promotion of the so-called free trade with the rest of the world, Mojatab Khosrotaj, the deputy minister of industry, mine and trade, said on Friday.
“The priority should be given to domestic manufacturing. The countries that speak of free trade are those with advanced manufacturing sectors,” he said in an interview with TNA.
He further said that the “preferential tariff system” can be applied to countries such as Azerbaijan, Russia, Kirghizstan and Armenia, arguing that such countries “are unable to threaten Iran’s domestic manufacturing.”
He added that “in spite of its constant call for free trade, Turkey has halted the preferential tariffs, which was to be applied to trade with Iran, in an attempt to support its own domestic manufacturing.”
The preferential tariff system is a trade agreement, which compels trading partners to levy lower rates of duty on imports from each other than they do on imports from other countries in a bid to ease transaction of goods between the two sides.
Iran is currently seeking to reach and apply the system in its trade with a number of countries in the region and beyond.  
On December 1, Khosrotaj said trade boost between Iran and Russia requires both sides to reach a consensus on preferential tariffs.

Short URL : http://goo.gl/7WMCCU

You can also read ...

 TCCIMA Secretary-General Bahman Eshqi speaking in Vienna on Nov.16
Iranian banks are expected to open their first branches in...
Iran has 9,000 online retail stores.
With the ever-growing developments in the World Wide Web,...
Tehran-Accra Expand Agro Coop.
Three memoranda of understanding were signed between Iran’s...
Helping the Quake-Stricken?  Not If They Are Iranians!
Iran is a hotspot of earthquakes and several of them have...
USD at  41,000 Rials
After the US dollar’s recent bull run that pushed the value of...
The first Iran-Luxembourg Forum opened on Wednesday and hosted...
Tesla Roadster Speeds in Front of Electric Truck
Tesla Inc upstaged its own debut of an electric heavy duty...
Imported Flat Steel Buying Thin Over Lower Local Prices
Buying activity in the Iranian flat steel import market was...

Trending

Googleplus