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Iran avoiding car imports to save foreign currency reserves

Business Materials 1 December 2018 09:42 (UTC +04:00)

Tehran,Iran, Dec.1

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According to an official of the Iran Trade Promotion Organization, managing the foreign currency resources requires prevention of car imports.

"Currently there is no plan to allow import of cars freely into the country," deputy of Trade Promotion Organization Mohammad Modoudi told Fars News Agency.

"We try not to allow the imports of cars or home appliances that can be domestically produced in the country," he added.

"Foreign currency resources management, the policy to prevent the rise of foreign currency consumption, and avoiding the use of currency for the purchase of luxury goods are very important for us," he said.

Modoudi commented on the number of imported cars that have been held at the customs.

"Around 16,000 vehicles have been retained at the country's customs, while their fate have been left unresolved, from this total approximately 11,000 cars were registered legally but after the prohibition of vehicle import they got held up in customs," he said.

"The decision to release the imported cars from customs is not the responsibility of Trade Promotion Organization," he added.

"Since the vehicle import companies have commitments toward people therefore we ask the government to decide about the issue as soon as possible", he said.

"Meanwhile these cars are considered as part of country's resources, damaging them should not be allowed," the official insisted.

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