The PDID Office Manager- Marzieh Tahmasbi- has communicated with the IMT Minister for revision of the decision for allocation of € 2 millions in official rate of Rls. 42,000 for importation of Polycarbonate and epoxy resin.
According to the reports, after allocation of € 2 millions for importation of these products the Khuzestan Petrochemical Company has reacted against it and asked from the PDID Office to communicate with the ministry of Industry, Mines and Trade (IMT)in order to revise such amount of FOREX allocation for the materials that are produced in Iran more than demands.
According to the office manager of Khuzestan Petrochemical Company (KPC), the production of these commodities are more than demands and so supplying the foreign currency for imports is both against national production promotion plans and at the expense of the government’s foreign exchange resources. While the necessity of importing these commodities should also be re-considered against where should these polycarbonate and epoxy resin be located, where they should be used – in excess of domestic production – in the amount of 1 US$ against 42,000 Rials?
To fulfill the request of the KPC’s allegation, Marzieh Tahmasbi, the manager of the PDID Office of NPC wrote a letter to the IMT ministry and has warned the vice-minister of IMT Minister for industry affair about some important points. Some important points of her letter are::
- Most import request registrations and allocations of FOREX for some commodities within first 4 months of this has been activated for the goods that their domestic production is more than its demands;
- Importation and allocation of FOREX for liquid and solid Epoxy Resins has been agrees, whereas we have a domestic surplus for it and the amount is more than KPC;
She has added
Regarding the above points with respect to national conditions and in line with the decision of “national domestic promotion” it is requested that any FOREX allocation and agreement for materials importation would be handled after harmonization with the “Specific Petrochemical Committee”