Iran scraps tariffs on red gold exports
Iran scraps tariffs on red gold exports
Following a decree by First Vice President Mohammad Mokhber, saffron joins a list of export items exempt from Iran's virtual water tax.
The decree was addressed on Tuesday to the Ministry of Agriculture, Ministry of Industry, Mine, and Trade and Finance Ministry, ordering them to remove saffron from a list of export items subject to a 0.5% virtual water tax payment.
The Iranian government aims to incentivize saffron exports by removing a financial hurdle.
A new policy measure by Iran seeks to streamline the export of its renowned saffron.
Iran is one of the world’s top saffron producers and over 90 percent of its production is exported to foreign destinations.
Following a decree by First Vice President Mohammad Mokhber, saffron joins a list of export items exempt from Iran's virtual water tax.
The decree was addressed on Tuesday to the Ministry of Agriculture, Ministry of Industry, Mine, and Trade and Finance Ministry, ordering them to remove saffron from a list of export items subject to a 0.5% virtual water tax payment.
The Iranian government aims to incentivize saffron exports by removing a financial hurdle.
A new policy measure by Iran seeks to streamline the export of its renowned saffron.
Iran is one of the world’s top saffron producers and over 90 percent of its production is exported to foreign destinations.
