Oct 21, 2003, 8:12 PM

A Day for Pushing Up Non-Oil Economy

TEHRAN - Each year on October 21”, the National Day of Exports, the Export Promotion Centre of Iran (EPCI) awards the top exporters of the country. The move is aimed at the introduction and encouragement of model exporters and provides an appropriate pattern to other manufacturers and exporters.

The initiative was, however, launched after the government introduced a policy of economic growth without oil revenues.

According to Article 2 of the provision of encouraging exemplary exporters, the top exporter, whether an institutional or individual party should score the following merits:

1. 1. The value of the exported goods should stand at the highest level compared with other exporters in a fiscal period beginning on March 21” each year.

2. 2. The exporter should enjoy clean records of business and should have fulfilled all his obligations towards his foreign trading partners, the Customs Administration, etc.

3. 3. The packaging methods should be superior compared to the rivals.

Note 1. The supervisory committee of the provision has the right to declare any manufacturer exporting a new commodity or opening a new market as the exemplary exporter.

Note 2. A new commodity is defined as that which has never been exported before; meanwhile, a new market translates into a market which has not purchased the mentioned goods in the previous years.

Under Article 6 of the provision, the exemplary exporters will be awarded the EPCI’s Special Card, which entails the following privileges:

1. 1. Fifty percent discount on the rental of stands at domestic exhibitions, and exemption from paying fifty percent of corporate taxes at international exhibitions set up by the EPCI in Tehran.

2. 2. Thirty percent discount on overseas airfare for marketing purposes (maximum twice a year) for the company’s managing director or commercial manager (export manager).

3. 3. Thirty percent discount on the rental of stands set up by the EPCI abroad.

4. 4. Exemption from leaving trust funds with the banking system for receiving banking facilities.

Note 1. State-run agencies, institutions and organizations should carry out the administrative formalities of the exemplary exporters and fulfill their demands for export affairs at the earliest convenience.

Note 2. The Special Card holds good for one year starting from the date of issuance.

ER/IS
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MNA

News ID 2412