According to a report from Iran ’s local Tehran Times on April 20, the General Administration of Customs of Iraq announced that from March 20, 2019, 60 trillion rials will be allocated to support enterprises to import necessary machinery and equipment through tariff reductions. And facilities to transform production lines.
Last year, as one of the measures to promote domestic production, Iran Customs provided a tariff exemption of more than 45 trillion rials (about 1.07 billion US dollars) for imported production lines and equipment. Last year, the customs realized a total tariff revenue of 160 trillion rials (about 3.8 billion US dollars).
Iran ’s industry is dominated by oil extraction, and there are also oil refining, steel, automobile manufacturing, electricity, machinery manufacturing, textiles, food processing, building materials, carpets, household appliances, chemicals, metallurgy, papermaking, cement and sugar extraction, but The industrial base is weak, and most industrial raw materials and spare parts depend on imports. As the machine tool equipment of industrial mother machine, the domestic demand in Iran is very huge. The Iranian government has built a large port and a duty-free zone in the city of Rasht in northern Iran to facilitate the transportation of goods with neighboring countries. Some mechanical equipment with excellent performance was introduced into Iran in large numbers during this period. Local Iranian professionals also frequently participated in machinery exhibitions around the world to discuss and communicate with friends from other countries.
At present, China has developed into Iran's largest trading partner in Asia and the world's third largest trading partner. Iran's massive infrastructure construction has greatly stimulated the export of China's related construction machinery and equipment to Iran, making Iran an overseas engineering contractor One of the main markets for the export of mechanical and electrical products.
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