Tuesday, February 15, 2005

Iran News - Iran government support for lower import tariffs

Iran News - Iran government support for lower import tariffs: "Iran government support for lower import tariffs

Tuesday, February 15, 2005 - ©2005 IranMania.com

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LONDON, Feb 15 (IranMania) - Iran's Commerce Minister Mohammad Shariatmadari defended the government's performance on devising custom duties, saying a declining trend in the rate of tariffs and duties particularly on import of raw materials points to the state's determination to boost domestic productivity and competitiveness.

In an interview with ISNA on Monday, Shariatmadari noted the rates on certain imported commodities will increase as a further support for domestic producers and to enable them to compete with their foreign counterparts in the market.

"The government will continue efforts to lower tariff rates on raw, intermediate and capital goods to reduce the final cost of domestic products and give domestic production a new impetus."

If the import tariffs on certain foreign commodities are raised, it would be for the sake of Iranian manufacturers, he said.

Foreign-made products continue to dominate Iranian markets, leaving literally no room for domestic manufacturers to compete."

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