News ID: 318314
Published: 0331 GMT November 28, 2021

Iran bans imports of South Korean home appliances to FTZs

Iran bans imports of South Korean home appliances to FTZs

Iran’s Free Zones High Council announced in a statement that South Korean home appliances are not allowed to enter the free trade zones (FTZs) of the country.

IRNA reported on Sunday that following the order of Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on banning the import of South Korean home appliances into the country, the free zones became subject to this order.

Meanwhile, the secretary of Iran’s Free Zones High Council said on Sunday that we are looking for the establishment of international bourse in the FTZs of the country to help the stock exchange market.

Saeed Mohammad also said our FTZs have a lot of problems, the first of which is infrastructure.

“Just two percent of the country’s exports is done by FTZs, they account for only one percent of the country’s production, and seven percent of investment,” the official further noted.

The establishment of free trade zones in Iran dates back to the Iranian calendar year 1368 (March 1989-March 1990) following the fall in the country’s oil income in the preceding year which prompted the government to promote non-oil exports.

Iran’s Islamic Revolution Guards Corps (IRGC) announced in a statement on Saturday that its forces identified and smashed a main network of organized smuggling of home appliances.

The IRGC added the forces of its Intelligence Organization, through coordination with the Judiciary, identified the major network after months of intelligence operations and monitoring.

Over the past two years, the statement added, the network had smuggled 30,000 home appliances under South Korean brands into the country.

The main members of the network were arrested and close to 40,000 smuggled items including refrigerators, washing machines, dishwashers, air conditioners and TV sets were seized, it said.

According to the statement, the network smuggled the items into the country from the western borders and southern ports.

It added after transferring the smuggled products to their warehouses, the network sold them to customers across the country.

The IRGC said the network hid the goods in trucks carrying wheat and corn to transfer them from the Imam Khomeini Port, southern Iran, and then send them to their warehouses.



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