Problems relating to Trade and Investment on Iran
9. Restrictive export/import trade, duty, and customs clearance |
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Issue |
Issue details |
Requests |
Reference |
| (1) Import Control by Foreign Currency Allocation | - With a view to controlling the balance in export/import business and achieving planned imports each Ministry de facto controls foreign currency (upon issuance of L/C) by quota allocation of foreign currency. | - It is requested that GOI repeals the system for the foreign currency quota allocation. | |
| (2) Buy Iranian Policy | - In March 2009, for the purpose of protecting the domestic steel industry, GOI promulgated "Notification on the Buy Iranian Policy" that restricts public procurement of steel products only to the domestically manufactured products. | - It is requested that GOI repeals the Buy Iranian Policy. | |
| (3) Frequent Changes in Import Product Category Items | - GOI's frequent changes in the product category of import items have caused confusions among the Iranian importers, although the adverse foreign exchange environment of the Iranian currency understandably has necessitated such measures for prioritising the import products. | - It is requested that GOI ensures transparency and clarity in introduction of the new schemes for their stable implementation. | |
| (4) Import Ban on Finished Cars | - By Ministry of Industries and Mines Circular, from November 2012 or thereabout, import ban on finished cars has taken place, in response to the GOI's Policy to cut down import of luxury goods due to the shortage of foreign currency. With payment of 90% import duty, it used to be barely possible to import finished cars. | - It is requested that GOI lifts the import ban. | |
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