by 50 percent on raw materials, 40 percent on semi-manufactured goods and 30 percent on industrial products. This comes as Iran is generally raising tariffs, as urged by Supreme Leader Ali Khamenehi, to keep foreign manufactured goods from competing with Iranian-made products on the home market. However, it is not clear these tariff cuts will ever come about in reality. The Tunis Affairs Press Agency reported that the signed document endorsed the “principle” of reducing customs duties.
