Iran Khodro Company plans to increase auto exports to IraqStaff Writer | March 5, 2018
An Iranian automaker is set to expand its presence in the Iraqi market by exporting vehicles equipped with automatic transmission, Financial Tribune daily reported.
Auto industry Talks are being held between IKCO and Iraqi officials
Iraq is one of the major export destinations of IKCO, Hassan Golchubian, IKCO's exports director for the Middle East and Africa, was quoted as saying.
The company seeks to gain a foothold in the Iraqi competitive market; however, the government in Baghdad has imposed import tariffs on motor vehicles at 8-10 percent and auto parts at 15 percent. In the past, importing car and parts into Iraq was tariff-free.
Golchubian said talks are being held between IKCO and Iraqi officials on tariff rates, and he is optimistic that the Iraqi government will agree to reduce the tariffs. ■