According to the Mehr News Agency, Mohammad Ali Dehghan Dehnavi, the head of the Trade Development Organization, stated in a meeting on capacity building for goods exports, referring to new decisions in the field of currency management and foreign trade facilitation by the Ministry of Industry, Mine and Trade: Exporters can now import up to the total amount of currency earned from their exports, even if the currency optimization limit for a specific tariff code has been reached.
The head of the Trade Development Organization said: The Central Bank’s intervention in rates is being implemented correctly, and God willing, this trend will continue. The Central Bank’s promise was also in this direction, and with the full implementation of this policy, some of the country’s currency problems will be resolved, and good news is on the way.
He added: At the Ministry of Industry, Mine and Trade, we agreed that in the steel sector, the entire chain would be offered in the second currency hall. This action may be carried out with specific ratios or timing, but it will definitely be implemented. The second hall is where we can address many of the concerns of activists in this field.
Dehghan Dehnavi continued, referring to the Ministry of Industry, Mine and Trade’s new policy to facilitate imports in exchange for exports: Some friends suggest that exporters be able to import using the currency from their exports; this issue was open from the beginning but had obstacles that have been removed. Now, exporters have no restrictions for their needs, including raw materials, even if they want to spend all their export currency on importing raw materials.
He emphasized: If the exporter wants to import other goods, this will be decided in the Ministry of Industry, Mine and Trade’s currency committee, which is formed under the chairmanship of the minister and with the presence of relevant deputies. The committee’s new decision is that exporters will receive a new quota for importing other goods, called the export surplus quota.
The head of the Trade Development Organization explained how this quota is calculated: The formula is simple; exports from the past 15 months minus the currency that was previously used or returned to the country, and also minus the previous currency quota. The remainder is considered the export surplus, and the new quota will be registered in the systems for the exporter. This way, the exporter can import up to the total amount of their export currency.
Dehghan Dehnavi noted: Of course, an exporter may have a currency quota, but the goods they want to import may have reached the currency optimization limit. In this case, it was also decided that there would be no optimization restrictions for imports using export earnings. That is, if an exporter wants to import goods under a specific tariff code, even if the optimization limit has been reached, this obstacle is removed.
He added: Of course, these decisions also have conditions. The country is in a special situation, and currency resources must be managed properly. For non-essential goods or goods whose reduced imports do not harm the market, there are naturally restrictions so that the country’s currency is spent more on raw materials, machinery, and production. But this restriction only applies to a limited number of tariff codes (about 400 to 500 items), and the remaining approximately 5 to 6 thousand tariffs are available for exporters.
The head of the Trade Development Organization emphasized: Compared to the past, today’s conditions for exporters are much better. I admit that at the beginning of the 13th government, the situation was difficult and reforms took time, but now a suitable environment has been created for exporters. I boldly say that exporters today have three times the advantages of regular importers.
He clarified: This does not mean that all problems have been solved or conditions are completely ideal, but many restrictions for exporters have been removed. Now is the time to take action for export development and conquering new markets.
Dehghan Dehnavi concluded: The Trade Development Organization considers supporting exporters as its primary principle. I assure you that this support will continue, and we are designing new plans and incentives to make conditions even better for exporters.
News code: 6623657
Source: Mehr News Agency
