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Iran Banned Imports of 2,150 Products

by | Nov 16, 2022 | Specials

Iran has banned the import of 2,150 products ranging from iron and steel to glassware, meat and milk to wheat. Iran, which imports 4864 types of products on the basis of 8-GTİP, banned the import of 2150 products in October to prevent foreign currency outflow.
Will affect Turkish exporters
The decision of Iran, whose oil and natural gas exports contracted as a result of the US sanctions, to cut imports for luxury consumption put Turkish industrialists, who export over 2 billion dollars to this country annually, in a difficult situation.
To minimize foreign currency outflow
In the last week of October, the Ministry of Commerce announced that Iran had decided to ban the import of luxury goods that are not considered essential.
In an attempt to minimize foreign currency outflows, Iran has been trying to increase imports of raw materials and intermediates to boost domestic production, while importing as few finished products as possible, the ministry said in a statement.
Some of the products banned with Iran’s latest decision
Live animals, meat and offal, dairy products, flowers, vegetables, fruits, wheat, wheat flour, animal fats, vegetable products suitable for knitting, sausages, canned fish, sugar, chocolate, cocoa, food, cornfl ex, tomatoes, coffee, yeast, ice cream, beer, water, wine, ethyl alcohol, feed, cigars, salt, clay, marble, iron ore, essential oils, soap, candles, plastic floor tiles, plastic bathtub, rubber gloves, leather, leather goods, fur, particle board, cardboard, books, wool, carpets, knitted garments, textiles, footwear, hats, plaster, glassware, precious stones, iron and steel, aluminum, garden tools, locks, nuclear boilers, wagons, automobiles, motorcycles, ships, yachts, gas meters, watches, musical instruments, swords, furniture, bicycles, game consoles.
 
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The post Iran Banned Imports of 2,150 Products appeared first on Commodity Board Europe GmbH.