Iran loses its biggest car customer

Business Materials 21 July 2016 12:23 (UTC +04:00)

Baku, Azerbaijan, July 21

By Khalid Kazimov – Trend:

Iraq has stopped importing cars manufactured in Iran, an Iranian member of parliament said.

Abdollah Rezaeian, a member of parliament's industry commission, has said that Iraq who once was the largest importer of Iranian cars has adopted strict regulations on quality, Mehr news agency reported.

Therefore, Iraq currently does not import any cars from Iran due to the new regulations, the MP added.

Earlier Donyay-e Eqtesad, an Iranian newspaper reported that Iraq imported 191,207 cars from Iran between 2003 and 2013.

This is while the volume of Iraq’s car imports from Iran considerably fell over the last year.

Chinese and South Korean car-makers appear to gain the largest shares from the Iraqi car market.