The Iran Project - Iran announces modified instructions for regulating car market

Iranian National Competition Council has notified the industry ministry of modified guidelines for regulating the passenger car market, which was amended last week.

According to The Iran Project, the instructions for regulating the passenger car market was notified to the Ministry of Industry, Mine and Trade in in the form of Resolution 543 of the Competition Council, which was approved in February of last year and was recently amended.

According to these instructions, the basis of setting the car price is based on the pricing criteria approved by the Price Determination and Stabilization Board.

The prices are calculated by the Consumers and Producers Support Organization and announced to the Ministry of Industry.

Last Wednesday, the Competition Council, with the majority of the votes of those present, amended the instructions of Resolution 543 for the regulation of the automobile market.

Based on that, the national council has introduced the Ministry of Industry, Mine and Trade as the policy maker and technical regulator of this industry.

In fact, the notification of the prices calculated by the support organization was ceded to the Ministry of Industry.