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Iran's industries can import basic materials without limitations

Business Materials 20 May 2020 18:28 (UTC +04:00)
Iran's industries can import basic materials without limitations

TEHRAN, Iran, May 20

Trend:

Iranian industries do not face restrictions in importing those basic materials that are not produced domestically, said deputy in Ministry of Industry, Mine and Trade.

"Import of the products that do have similar domestic versions in the country is limited and last Iranian year [started March 21, 2019], import of more than 1,500 items was banned," said Mehdi Sadeghi Niyaraki, Trend reports citing IRNA.

The official indicated that import management will be one of the important issues of the Ministry of Industry, Mine and Trade in current Iranian year (began March 20, 2020).

"The Ministry plans to assigning official foreign currency rate to industries to facilitate import of basic material, and we hope that the Central Bank of Iran will increase the payment in foreign currency to various industrial sectors," he said during a meeting with members of Iran's syndicate of paper and cardboard syndicate producers.

During the meeting, representatives of the syndicate discussed the problems in the industry and requested the ministry's cooperation to address their needs for importing basic products.

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