Tag Archives | tariffs

Iran to sign Preferential Tariff Deal with EEU

By John Lee. Iran and the Eurasia Economic Union (EEU) have reportedly finalized negotiations on a preferential tariff agreement. Addressing a meeting of Iranian and Armenian businessmen in Yerevan on Tuesday, Iranian Foreign Minister Mohammad Javad Zarif (pictured) said: “The establishment of EAEU-Iran cooperation can ensure progress in the development of Armenian-Iranian economic ties.” Edward […]

Iran, Kyrgyzstan to Reduce Rail Transport Tariffs

By John Lee. Iran and Kyrgyzstan have reportedly signed a memorandum of understanding (MOU) on reducing rail transport tariffs between the two countries. The document was signed on Tuesday by Ebrahim Mohammadi, the deputy director of Islamic Republic of Iran Railways (IRIR), and Arman Sultanov, the deputy president of Kyrgyz Railway (KTJ). In December, the two […]

Iran to impose new Duty on Steel Imports

By John Lee. Platts has reported that the Iranian parliament will impose a new duty on steel imports, likely to be effective from September. The duty is Iranian Rial 100,000/mt (about $25/mt) of imported material and it will cover billet, beam, different strips, tubes, pipes, stainless steel and scrap. It is in addition to all […]

Increase Tariffs hit BAT Iran Profits

By John Lee. In its latest Half-Year Report, British American Tobacco (BAT) has said that sales volume has increased in Iran for the first six months of the year, but profit fell due to an increase in excise duty. The company makes and sells cigarette brands including Kent, Dunhill, Pall Mall, and Rothmans. (Source: British […]