Tariff Protection, Export Incentives, Due for and Composites Industries

Tariff Protection, Export Incentives, Due for and Composites IndustriesAccording PIMI reporters, Mohammad Shariatmadari the new Minister of Industry, Mine and Trade, after inauguration ceremony of the 17th international exhibition of paints, resins, industrial coatings, composite materials and electroplating industry (IPCC 2017) at the international permanent fairground of Tehran said to the reporters that: “Though, composites, resins and paints products are most required basis for domestic industries, but most of its products have been exported to the foreign countries in the shape of paints. He estimated last year’s exports more than $ 180 million, which was mostly due to the use of resins in the domestic manufacturing sector.

Tripling Exports

Minister of Industry, Mines and Trade, arguing that the production of raw materials of this industry is a priority for the IMT Ministry to support it, added: “We must provide conditions that will continue to keep pace with core exports. The future of the paint industry, resin, industrial coatings, composite materials and electroplating industry is promising and the possibility of tripling the exports of paints on global markets exists, and given the good moves that have been made in the country’s construction industry in recent months, The future is expected to grow.

Sharaiatmadari said: “Tariff protection and export incentives are part of the support of the Ministry of Industry, Mines and Trade in this area, and have serious support for the export of paint, resin, industrial coatings, composite materials and plating industries on the agenda of the ministry.

Referring to the fact that the credit line selling methods are among other support programs in this sector, he argued that the exchange of  domestics LC’s for some of the products of these factories is more appropriate than the payment of bank facilities, as well as the methods in which producers’ access to higher floating capital is made easier on the agenda. He also continued: “We hope that by increasing the capital of banks, there will be better and more tangible conditions for the distribution of banking resources”

 

Tariff Protection, Export Incentives, Due for and Composites Industries
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