Iran seeks to implement preferential tariff with India, Malaysia
TEHRAN, Iran, Jan.29
Establishing preferential tariff with India and Malaysia is on Iran's agenda, Deputy Foreign Minister for Economic Affairs Gholamreza Ansari said, Trend reports citing ILNA.
"We are trying to reach agreement on preferential tariff with members of D-8 Organization for Economic Cooperation during their upcoming summit, while implementing preferential tariff with India and Malaysia is on the agenda as well," the deputy minister added.
Iran's President Hassan Rouhani is to attend the next D8 summit to be held in April 2020.
"We should move towards more preferential tariffs. Iran has preferential tariff agreement with Turkey; however, although the agreement was approved by the parliament, it has not been implemented yet," Ansari said.
"The preferential tariff agreement with Eurasian Economic Union was a big success for the country, and within 75 days of the implementation of preferential tariff agreement, $800 million has been traded between Iran and EEU," Ansari said.
Iran and Eurasian Economic Union (EAEU) have implemented the agreement on preferential tariff for trading 862 products. The agreement provides the advantage of tariff discounts for trade between the EAEU member states and Iran.
"The Economic Cooperation Organization Trade Agreement (ECOTA) is also a good opportunity that shall be taken into account," the deputy foreign minister added.
"Iran should invest on export despite the drop of oil sale. The Foreign Ministry has established a marketing site to initiate negotiations on this matter with other countries," he said.