Iran Determined to Boost Local Production
The Minister of Industries, Mining and Trade announced the list of 800 commodities which will go through an important ban or higher important tariffs; this is done to boost domestic production and putting local producers first. In this regard, the Iranian Custom Administration has also announced that it will now set importing tariffs based on the customs value of the parts produced in the country. Such moves are being taken to be in harmony with the motto of the new Persian calendar year, i.e. Resistance Economy; Production and Employment, enjoying the potential to exert positive impact on many listed companies.