Iran's auto import tariffs will follow a declining trend in the next Iranian calendar year ( starting from March 21, 2014), Iran Daily reported on Sunday.

Valiollah Afkhami-Rad, Deputy Minister of Industries, Mines and Trade, said that the main policy of Trade Promotion Organization of Iran is to gradually reduce the tariffs next year, or do not increase at least.

Iran's automotive industry is the second most active industry of the country after oil and gas, accounting for 10 percent of Iran's GDP.

Iranian auto industry officials have reiterated that the country welcomes world auto manufacturers to seize potential Iranian market after the Geneva agreement which was struck in Nov. 2013 and raised optimism in Iran for a rebound in the industry. Endi