Economy Minister Announces Export Tariff Reforms

Iran’s Minister of Economic Affairs and Finance, Dr. Seyed Ali Madanizadeh, has announced plans to revise export tariffs on raw and semi-processed materials to stabilize rates and reduce the frequency of regulatory changes. He added that a program to facilitate the repatriation of foreign currency earned from exports will be issued within the next two weeks.

Speaking on the sidelines of the Government–Private Sector Dialogue Council, Madanizadeh acknowledged business concerns over constant changes in tax and export tariff regulations. He noted that the Cabinet may include provisions to stabilize rules and minimize harm to economic actors.

The minister also addressed export tariffs in mining regions and provinces, which have restricted producers’ supply, stressing that reforms will be pursued.
Madanizadeh highlighted the establishment of the Customs Development Headquarters, chaired by the President and including the ministers responsible for it. Its agenda covers regional trade agreements, customs digitalization, greater use of private-sector capacity for X-ray equipment, reforms to currency-trade policies that delay clearance of goods, and unified border management.
Additionally, he announced that the High Council of the Stock Exchange has mandated the creation of foreign currency investment funds. Citizens will have the opportunity to invest their foreign currency, gold, or cryptocurrencies in these funds and benefit from potential returns. Large companies will issue foreign currency bonds, which the funds will buy, thereby directing public resources into businesses that are export-oriented and generate foreign exchange.
Responding to a question about negotiations with the Central Bank to reduce customs clearance times, Madanizadeh said efforts are underway to accelerate the process.

News ID 732890