Thai firm to export Nissan models to Iran
The Thai Rung Union Car Public Company plans to export approximately 700 Nissan vehicle models to Iran over the course of 2003. Earlier this year, the Iranian government decreased tariffs on the import of automobiles, representing a 75 percent drop compared to the duties set before.
Iran's state-owned carmakers have been protected by high import taxes, which make imported cars prohibitively expensive. The tariffs are aimed at protecting local production and conserving foreign currency.
This past June, the Ministry of Industries and Mines set new conditions for the import of automobiles in a bid to develop the nation’s transportation industry. The decree states that automobile importers will have to pay 270 percent in taxes and tariffs to import a vehicle worth $16,000. A 25 percent increase in fees will be imposed on every $2,750 over this figure. — (menareport.com)
© 2002 Mena Report (www.menareport.com)