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TEHRAN (Tasnim) – Britain on Tuesday revised the tariff regime that would come into force if it leaves the European Union without a deal, making 88% of total imports by value eligible for levy free access. Seeking to balance the need to keep consumer prices down without destroying domestic producers, Britain also said under a […]
Seeking to balance the need to keep consumer prices down without destroying domestic producers, Britain also said under a new “exceptional review process” it could make changes to the regime from day one if needed.
“The UK is a free trading nation and British business is in a strong position to compete in an open, free-trading environment,” Trade Policy Minister Conor Burns said, Reuters reported.
With just 23 days to go before the United Kingdom is due to leave the world’s largest trading bloc – and with no divorce deal in sight – Prime Minister Boris Johnson’s government is stepping up preparation for a potentially chaotic exit.
London first published a temporary tariff regime before its original leaving date in March, as part of its preparations to leave a bloc it joined in 1973.
The revised plan, which follows feedback from industry, lowers tariffs on trucks, applies tariffs to additional clothing products and adjusts levies on bioethanol to retain support for UK producers of a fuel that is important to critical national infrastructure.
The government has left some protections in place for British producers, for instance carmakers and farmers, while many other industries will face cheaper competition from abroad.
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Chairman of the Board of Directors of the Association of Iran’s Rubber and Tire Producers said 80 percent of the country’s needs for tires is met by domestic producers, IRIB reported
Iranian banking system paid 380.893 trillion rials (about $780 million) of facilities to knowledge-based companies in the first two months of the current Iranian calendar year (March 20-May 21), to register an over 100 percent rise compared to the same period in the preceding year
The production of iron ore concentrate in Iran increased by 17.6 percent in the first two months of the current Iranian calendar year (March 20 -May 20), as compared to the same period in the past year, according to the data released by the Iranian Steel Producers Association (ISPA)
The head of the Iran Airports and Air Navigation Company declared that the second FlightCheck aircraft arrived in the Islamic country after the finalization of the purchasing process and officially started its operation
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