Iran imports US-made cars through South Korea

Business Materials 19 April 2016 17:48 (UTC +04:00)

Baku, Azerbaijan, Apr. 19

By Fatih Karimov - Trend:

Iran has imported cars produced by the US giant carmaker Chevrolet, Farhad Ehteshamzad, the head of Iran's Automobile Importers Association, said.

The US company's representative in Iran has imported the cars through the South Korea, Ehteshamzad said, Fars news agency reported April 19.

The Chevrolet's representative in Iran has obtained all needed permission and works within the Iran's rules, he said.

Two of Chevrolet's models - Trax and Aveo - have received the required licenses to be imported into Iran.

On April 18 the Iranian industry ministry also announced that has agreed to issue authorization for imports of German-made Opel cars.

Under the authorization, the German company's models - Opel Adam and Opel Corsa - will be imported into Iran.

Iran imported 51,522 sedan cars, worth $1.23 billion, during the last Iranian fiscal year that ended on March 20, showing a fall by 50.4 percent in terms of amount and 42.8 percent in terms of value year on year.

It should be noted that Iran has banned importing cars with engines up to a 2500CC capacity.

The automobile industry is seen as the biggest portion of Iran's non-oil sector. It accounts for nearly 10 percent of the country's gross domestic product (GDP).