Goods smuggling hurts industrial production in Iran
Baku, Azerbaijan, Nov. 2
By Khalid Kazimov – Trend:
Goods smuggling poses serious obstacles to industrial production in Iran, an Iranian MP said.
Mohammadreza Pour-Ebrahimi, the head of economic commission at Iranian parliament, said that goods smuggling, inappropriate pricing as well as shortcomings in the country’s labor law and transportation system are among the main obstacles to the industrial production in the Islamic Republic, IRNA news agency reported Nov. 2.
At a meeting with Iranian Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh, the MP said that drafting amendments to banking regulations, the law on combating goods smuggling as well as bringing about reforms in the country’s customs services take priority in the economic commission’s agenda.
According to official estimations, about $25 billion worth of goods are annually smuggled into the country, which is equal to Iran’s income from oil exports.