Iran’s Exports Of Hand-Woven Carpets Fall To $70 Million

A member of Tehran’s Chamber of Commerce suggests Iran’s exports of hand-woven carpets have dropped to about $70 to $80 million for every calendar year from about $500 million ahead of the US sanctions.

Head of Tehran’s Chamber of Commerce’s Exports Committee Razi Haji Aghamiri advised ILNA on Sunday that unprofessional measures by the trade authorities have lessened the exports to these kinds of a small issue that basically there is very little remaining of this business.

He described the limitations by Iran’s Central Lender for the revenues of carpet exports as the “coup de grâce” to the sector, but the sharp fall in exports seems to be additional similar to the US sanctions.

Facts from the Trade Ministry show that the export of regular Iranian hand-woven carpets in 2001, when nuclear sanctions in opposition to Iran experienced not however been imposed, was extra than fifty percent a billion pounds, in excess of a quarter of which was imported by the United States, with Germany, Lebanon, and Britain as other significant consumers.

The exports picked up again in 2017, instantly following the implementation of Iran’s 2015 nuclear deal with world powers, the Joint Detailed Strategy of Motion (JCPOA), reaching about $426 million. But the figure started to drop once more following the US withdrawal from the deal in 2018 when Washington reimposed sanctions on the import of Iranian rugs. Importing Iranian carpet to the United States is forbidden even as a result of a 3rd region.

In August 2018, Fereshteh Dastpak, the head of Iran’s Countrywide Carpet Centre at the time, claimed that the worth of the hand-woven carpet exports amounted to $1.2 billion yearly about the past 10 years.