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Russia decreases tariffs for seafood imports from Iran

Business Materials 27 September 2016 16:25 (UTC +04:00)

Baku, Azerbaijan, Sept. 27

By Fatih Karimov – Trend:

Russia has decreased tariffs for seafood imported from Iran, Head of Iran Fisheries Organization Hassan Salehi said.

Moscow has decreased the customs tariffs from 19 percent to 3.5 percent, Salehi said, Fars news agency reported Sept. 27.

He further said that the Islamic Republic plans to export 5,000 tons of seafood to Russia during the current fiscal year (to end March 2017).

The figure stood at 1000 tons during the last fiscal year, Salehi added.

The Islamic Republic has exported over 32,820 tons of seafood, worth $95 million during the first five months of the current fiscal year (March 20- Aug. 21, 2016), he said adding that Vietnam, the UAE and Iraq were the main destination of the exports.

Iran’s seafood exports registered a rise by 36 percent in terms of value and 51 percent increase in terms of volume during the first five months of the current fiscal year, Salehi said.

The country also exported more than 400 kilograms of caviar during the five-month period, indicating a 90-percent increase year-on-year, the official noted.

He further said that Iran’s fisheries output amounted at one million tons in the last fiscal year, of that about 80,000 tons, worth $350 million were exported.

Salehi said that China, Norway and France have so far invested in Iran’s fishery sector, adding that investors from Vietnam, Thailand, Canada, UK and US have also expressed interest to make investment in this regard.

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