News ID : 4013
Publish Date : 16 May 2020 - 09:26
While $ 300,000 in foreign investment in Iran, along with the issuance of import licenses for three new vehicles, has recently been approved by the Cabinet, it appears that issuing licenses to liberalize car imports cannot be the only viable option for attracting foreign investment.
Khodrocar - According to the decision of the Cabinet of Ministers, the term of this temporary entry permit is one year, but with the customs license and compliance with the standards, this period can be extended up to 5 years. In this context, the question arises to what extent is the issuance of this decree useful for attracting foreign investors, and can it really become a factor for attracting investors or not?

"Certainly, no investment will enter Iran to invest in foreign cars, and it may be one of the low-level motivational elements of domestic investment, but the government needs to facilitate investment and remove obstacles in this direction.” Mehdi Dadfar, secretary of vehicle importers association told khodrocar reporter.

"All foreign investors in the field of automobiles are currently cooperating with activists in this field in the country, so they are fully aware of the challenges, obstacles and stone-throwing in this direction and will not enter a new field of investment with these approvals.” He added.

"The long and tortuous path of issuing the necessary licenses as well as the sudden decisions is one of the main challenges in attracting foreign investors in the country and any investment with awareness of the administrative complexities and high business ranking in Iran and also the advice of the organization International Economic Investment and the United Nations have refused to allow Iran to enter the field, citing Iran's poor investment rating.” He said.

"Undoubtedly, the timing of the clearance of these cars is itself an obstacle to the entry of foreign investors. The actions and decisions that are being taken now are also actions that have been repeated for the last forty years and have not been successful, but we expect that with their implementation, we will have a new achievement.” He mentioned.

"The decisions currently being made by governments are incomprehensible to foreign investors, and they are seeking to attract foreign investors. Instead of making such decisions, the country needs to become a safe and economical place with an investment guarantee. Also, reducing bottlenecks in business and economic administrative processes can provide space for the presence of foreign investors.” He said.

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