According to news from the Ministry of Commerce website, according to the "Iran Economic Daily" reported on July 3, since July 1, the West began to implement a new round of sanctions on the Iranian auto industry, South Korea's auto companies to send letters to the Iranian partner companies It said that it will stop cooperation with the Iranian side and will no longer accept any orders for the supply of automotive parts and components .
According to estimates from Iranian auto companies, sanctions imposed by the West on the Iranian auto industry will directly lead to an increase of 40% in the current domestic automobile production costs in Iraq.
Iranian auto companies asked the government to take urgent actions to reduce the impact of the sanctions on Iran’s domestic automobile industry as much as possible by increasing the foreign exchange quotas of auto companies and persuading foreign auto companies to resist the sanctions.
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