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FinancialNews
06-09-20
Iran: Raw materials tally 84 percent of importations
(MENAFN) TPO portal cited Zadboum as stating "Over 84 percent of the imported items include raw materials, basic goods or intermediaries that are necessary for the production and operation of domestic units".
Mentioning to the constraint of instruction recording for goods that have related productions inside the country, the administrator stated: "Last year, the imports of 1,600 items with an eight-digit HS code was banned. The number, however, has reached 2,400 items this [Iranian calendar] year (started on March 19)."
He then put the price of imports in the first four months of the present Iranian calendar year (March 20-July 21) at USD11 billion stating: "We are trying to reduce the registration of orders for goods that are already produced inside the country by weekly monitoring of imported goods and gradually in the near future, we will completely ban the import of all such products in order to boost domestic production."
MENAFN0609202000450000ID1100754219
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