So you want to explore new trade opportunities in Iran. With the wealth of potential this country has when it comes to import and export trade, it is not surprising why many businesses are eyeing Iran as their next trade destination. Educating yourself about the basic processes, common questions, documentations,
restrictions, requirements, and special provisions that import and export trade entails in the country is important if you want a thriving relationship with your Iran trade partners. By knowing the basic principles in place in the country’s import and export world, it won’t be long until you know your way around the ins and outs of the trade, as well as other important aspects of business like registration requirements, environmental agreements, import duties, restrictions, and all other important procedures that will help you pursue and thrive in your new venture.
First some important terms you should definitely be familiar with:
• Import duties as referred to in import/export rules and regulations include the base values of products along with trade profit.
• Base value on the other hand, refer to customs duties, registration charges, taxes, tolls, and subcharges collected from the imported good/merchandise. These are collected to form 4 percent of the customs value of the commodity. These charges along with the trade benefit determined by the Cabinet of Ministers make up import duties.
• Forex income as a result of export services such as technical and engineering services, trade services, hotel management, transit and transport, labor, and human services are referred to as export forex revenue. All anticipated promotional policies and privileges from the export of such commodities are equally enforceable and valid for the export of such services.
Several countries have preferential tariff treaties with Iran, including Turkey, Uzbekistan, Syria, Pakistan, Tunisia, Bosnia and Herzegovina, Cuba, Venezuela, and Kyrgyzstan, this gives them discounts on border trade with the country.