Reasons Behind Export Ban Explained
Reasons Behind Export Ban Explained
Tuesday, September 11, 2018

Reasons Behind Export Ban Explained

Tuesday, September 11, 2018

Reasons Behind Export Ban Explained

The government’s recent ban on exports of certain products, including tea, oilseeds, palm oil, sugar, milk powder, baby formula, butter and meat, is aimed at regulating the domestic market and protecting low-income households, the deputy head of Trade Promotion Organization of Iran said. 
“The government grants subsidized foreign currency for importing these essential goods and their raw materials, so Iranian consumers should enjoy this subsidy,” Mohammad Reza Modoudi was also quoted as saying by IRNA. 
Noting that lifting the ban on exports would amount to a big, special privilege for the neighboring countries, the official said, people from neighboring countries travel to Iran and buy these subsidized essential goods and sell them beyond Iranian borders at open market rates. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/DAGd6y
  1. https://goo.gl/Dtvu5L
  • https://goo.gl/kw7j9b
  • https://goo.gl/AHTMd4
  • https://goo.gl/XQyzm8
  • https://goo.gl/Qomp9z

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment