Iran to offer reduced banana import tariff if traders also export oranges

As per a regulation ratified by the government on Nov. 8, bananas can be imported into Iran at a low tariff of 5% if oranges are exported in return.

If traders want only to import bananas without any orange exports, they are required to pay a 20% tariff.

Before the new regulation, banana import tariff stood at 26%, Mehr News Agency reported.

Previously, the government had conditioned banana imports on the exports of either apples or raisins. The new regulation adds oranges to the list.

Source: financialtribune.com

Publication date: 11/15/2017


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