Pakistan reduces anti-dumping duties on import of sulfuric acid from Iran

Business Materials 18 June 2018 15:34 (UTC +04:00)

Tehran, Iran, June 18

By A. Shirazi - Trend:

Pakistan has reduced anti-dumping duties on import of sulfuric acid from Iran, Morad Nemati, Iran's commercial attaché in the Asian country, said.

“Thanks to efforts by Trade Promotion Organization of Iran (TPOI) as well as Iran’s commercial office in Pakistan, anti-dumping duties on the export of Iran’s sulfuric acid to Pakistan has decreased,” Nemati said on June 18, according to the portal of TPOI.

Sulfuric acid is used as a catalyst in alkylation reactions, petroleum refining, manufacture of detergents, paints, dyes, fibers, etc. It is also used as the electrolyte in the lead-acid battery that is the usual battery in automobiles.

The move can help Iranian producers to increase sulfuric acid exports to Pakistan for use in detergent and hygienic products, he added.

Iran is self-sufficient in the production of detergent and hygienic products. Domestic brands have long dominated the market, alongside a few foreign brands that have found their way on to the shelves.

In 2016, high-ranking officials from Iran and Pakistan signed six memorandums of understanding (MoUs) to strengthen bilateral cooperation in various areas, including health, commerce, security and foreign services.

The documents were signed in a ceremony in Islamabad on March 26, attended by Iranian President Hassan Rouhani and Pakistani then Prime Minister Nawaz Sharif.