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FinancialNews
27-06-20
Iran backing off from exporting unprocessed minerals to make more inserted worth
(MENAFN) Darioush Esmaieli Deputy Iranian Industry, Mining, and Trade Minister stated that in excess of 90 million tons of iron ore was manufactured in the country throughout the preceding Iranian agenda year of which merely seven percent was exported.
The decrease in the exports of iron ore approaches since the Leader of the Islamic Revolution Seyed Ali Khamenei advised the government to prevent the exports of unprocessed minerals so as to be processed in the country for manufacture products with more inserted worth.
Subsequent the leader's statement, the government charged a 25 percent duty on the exports of unprocessed minerals (particularly iron ore) as of September 23, 2019.
Esmaieli stated that 10 years ago Iran exported above 20 million tons of untreated iron ore and the outline cut down to an utmost of six million tons previous year.
MENAFN2706202000450000ID1100394153
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