Iran’s Parliament has authorized the government to lower customs duties on the import of medicines, medical supplies, infant formula, essential goods, and agricultural inputs for the next fiscal year.
Iran imported 11.9 million metric tons of essential goods, valued at $7.3 billion, during the first six months of the Iranian calendar year.
The Central Bank of Iran (CBI) says it has subsidized more than $27 billion worth of imports into the country in less than five months since the start of the calendar year on March 20.
The Iranian government has announced it will continue to allocate subsidized currency to import rice into the country.
The Iranian Ports and Maritime Organization (PMO) said that over 21.5 tons of basic commodities were unloaded at the ports of the country during the past Iranian calendar year to late March.
Iran has earmarked as much as Є13.6 billion at a preferential exchange rate for the imports of basic items.
Iran has imported some 22.88 million metric tons (mt) of essential goods worth $17.8 billion in eleven calendar months to February 19, according to a recent update by the country’s customs administration (IRICA).
Iran and Russia have signed a long-term agreement for supply of grains from Russia to Iran.
Iran has imported some 20.93 million metric tons (mt) of basic goods at the value of $13.6 billion in 10 calendar months to January 20, according to a recent report by the Islamic Republic of Iran Customs Administration (IRICA).
Iran’s Deputy Minister of Agriculture Ahmad Khani Norouzi said on Sunday that the county’s rice imports have decreased by 42% this year.