Iran plans to decrease customs tariffs

Business Materials 11 February 2016 13:13 (UTC +04:00)

Baku, Azerbaijan, Feb. 11

By Fatih Karimov - Trend:

The Islamic Republic of Iran Customs Administration plans to revise its tariffs, Masoud Karbasian, Iran's deputy minister of Industry, Mines and Trade said.

Decreasing the tariffs for goods' imports will be the administration's priority for the next fiscal year (to start March 20), Karbasian, who heads the customs administration said, Iran's IRNA news agency reported Feb. 11.

He further said that high customs tariffs leads to the increase of goods' smuggling into the country.

Smuggling of commodities into the country increased fivefold from 2007 to 2013. The official statistics suggest that the total value of smuggling increased from $5 billion in 2007 to $25 billion later on.

Iranian authorities have previously said that fuel, currency, household accessories, clothing and mobile phones are most of all smuggled into Iran.

Iran's customs administration has been under attack by some officials as well as the businessmen on the issue for imposing high tariffs. This is while some government organizations have been accused of being involved in smuggling.