Ways of discouraging Iranian mine owners from selling raw materials

Seyyed Mohammad Bayatian - Bijar MP

An Iranian MP talks about ways of discouraging mine owners from selling raw materials.

Presence of foreign investors in the country’s mining sector will result in a decline in exports of unprocessed materials and a hike in government’s tax revenues, SMT, a Tehran-based daily, quoted Seyyed Mohammad Bayatian, a member of parliament’s Industries and Mining Committee, as saying.

By levying high tariffs and enforcing tough regulations, parliament and government seek to encourage mine owners to process their products, he said.

Bayatian, who represents Bijar in the Islamic Consultative Assembly, went on to say that heavier tariffs will also push up added value, create jobs and prevent exports of raw materials.

Of course, tax incentives and provision of low-interest loans to mine owners should be part of government plans to encourage the industry to process materials before putting them for sale on the market, he concluded.

Subscribe
The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

LEAVE A REPLY

Please enter your comment!
Please enter your name here