Atabak: Iran reaches preferential tariff agreement with Oman, Pakistan
Industry, Mining and Trade Minister Mohammad Atabak announced on Wednesday that Iran reached agreements with Oman and Pakistan for the export of goods with preferential tariffs.
Referring to exports with preferential tariffs to Eurasian Economic Union member states, Atabak said, "The ultimate goal of the government is to facilitate exports and imports freely and without direct government intervention, provided that the Central Bank [of Iran (CBI)] exercises full supervision over the process to ensure the accuracy and integrity of transactions," as reported by IRNA.
Preferential tariffs refer to mutually agreed-upon reduced import duty rates applied to specific goods traded between Iran and partner countries under formal trade agreements.
At the unveiling ceremony for the foreign currency pre-sale tools and export privilege exchange halls, the minister underscored the importance of supervising and controlling foreign currency and preventing its illegal outflow, adding, "The Central Bank's expertise lies in simplifying processes and preventing illegal and alternative channels."
He pointed to the launch of the export privilege exchange, describing it as an important and operational step, and added that in Wednesday’s cabinet meeting, "export incentives were also approved, which will be implemented soon."
Highlighting the reduction of financing costs and currency pre-sales, he noted, "These measures can play an effective role in supplying foreign currency and strengthening domestic production."
Emphasizing the importance of facilitating and accelerating processes, the minister said, "The Central Bank must effectively facilitate the supply of foreign currency for exporters and importers, and the simplification of foreign currency supply must be placed on the Central Bank's agenda."