Tag Archives | protectionism

NPC Endorses Protectionism: Official

An official with the National Petrochemical Company (NPC) said the company was keen on facilitating supply of petrochemical items and equipment from domestic manufacturers. According to the company, Ghodratollah Farajpour, the director of production control at NPC, said plans were devised by NPC to maximize provision of items and equipment from domestic manufacturers in the […]

Iran Lifts Ban on Rice Imports

By John Lee. Reuters hasd reported that Iran has lifted its ban on registration for imports of rice for five months. The Islamic Republic of Iran Customs Administration (IRICA) is quoted as saying “the registration for imports of rice is allowed from January 21 until June 21”. (Source: Reuters) (Picture credit: Tasnim, under Creative Commons […]

Why French Carmakers are real Winners of Iranian Protectionism

By Ali Dadpay for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s auto industry is only second to its energy sector, accounting for some 10% of the gross domestic product and 4% of employment. Showcasing the Islamic Republic’s efforts to become an industrial economy, it […]

Police deny License Plates for U.S.-made Cars

By John Lee. Iranian police have reportedly stopped issuing number plates for cars made in the United States. Police spokesman Saeed Montazerolmahdi is quoted as saying: “All American-made and U.S.-brand vehicles, including Honda and Toyota, are banned from receiving number plate services by the police. “The General Board of Police made this decision in July […]

India Imposes Anti-Dumping Duty on Iranian PTA

By John Lee. India has reportedly imposed anti-dumping duty in the range of US$ 85.87 to 168.76 per MT on imports of Purified Terephthalic Acid (PTA) from China PR, Iran, Indonesia, Malaysia and Taiwan. According to Business Standard News, the move follows petitions filed by domestic industry alleging dumping of goods into the country. (Source: […]

Iran to Ban Imports of Basmati Rice

By John Lee. Iran is to ban the importation of basmati rice in an attempt to protect its local industry. According to the report from India’s Economic Times, basmati prices have climbed on rising demand from Iran in advance of the ban, which is due to come into effect on 23rd July. (Source: Economic Times)

Iran ‘Self-Sufficient’ in Wheat

By John Lee. Iran expects to be self-sufficient in wheat in the coming Iranian year, and has banned state imports of wheat. Deputy Agriculture Minister Abdol-Mahdi Bakhshandeh told Mizan Online news agency: “Strategic wheat stocks are in very good conditions and we have reserves for more than six months … “What is needed for human […]

Shift to Open Market Economy no Easy Task

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Shift to open market economy no easy task for Iran Late last month, the Management and Planning Organization (MPO) of Iran drafted the country’s sixth five-year strategic development plan. In the plan, the MPO […]

Fruit Import Ban Still in Effect

The Deputy Minister of Agriculture for horticultural affairs, Mohammad Ali Tahmasbi, has confirmed that the ban on fruit imports is still in place, and has called on executive bodies to take action against illegal fruit imports. The Minister went on to say: “Illegal imports not only increase the risk of plant pests and diseases, they […]

Can Iran Shield its Embattled Auto Sector?

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Last week, a group of lawmakers from the Iranian parliament’s Industries and Mines Commission introduced a motion to further raise import duties on passenger cars. The underlying assumption is that Iran’s 48-year-old auto industry […]