Iran to set up a committee to review base value of export goods to Eurasia

Business Materials 30 January 2020 09:20 (UTC +04:00)
Iran to set up a committee to review base value of export goods to Eurasia

TEHRAN, Iran, Jan.30


Iran Chamber of Commerce Industries and Mines and Agriculture (ICCIMA) is to establish a committee to review the base value of export goods to Eurasia, said ICCIMA Deputy Head for International Affairs.

"Representatives of Eurasian Economic Union (EAEU) member countries also could work at the committee, which is set up to review a list of goods that are exported to each Eurasian country," said Mohammad-Reza Karbasi, Trend reported citing ILNA.

"At the moment, preferential tariff for export of 114 items from Iran to Eurasia has been defined in a six-digit code, while 354 items are defined in a ten-digit code," the official added.

"Iran has also defined a six-digit code for import of 100 items of goods from Eurasia alongside 98 agricultural products and 180 other items of goods with eight-digit code that would be part of the preferential tariff agreement," Karbasi said.

"Iran and Eurasia trade volume reached more than $207 million, and about 23.2 percent of the volume, i.e. $47 million, fells on preferential tariff. Export from Eurasian countries to Iran exceeded $321 million, and 86.3 percent of the figure accounted for presidential tariff," he said adding that unreal high prices of goods reduce the competitive power of Iranian goods in destination countries.

Iran and EAEU have reached the agreement on preferential trade on 862 products. The agreement provides for tariff discounts in trade between the EAEU member states and Iran.