Domestic Economy

Contraband Cosmetics, Toiletries Flooding Domestic Market

Contraband Cosmetics, Toiletries Flooding Domestic MarketContraband Cosmetics, Toiletries Flooding Domestic Market

Contraband cosmetics and toiletries currently account for 70% of the Iranian market, which a direct result of the government’s ban on imports of these products since May 2019, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
“Based on a report released by the Headquarters to Combat Smuggling of Goods and Forex, the share of contraband cosmetics and toiletries in the domestic market has experienced a threefold year-on-year increase since the ban came into effect last year. Most of these smuggled products are fake and of very low quality,” Hamid Moqimi was also quoted as saying by Fars News Agency on Saturday.
The official noted that before the ban, imported and domestic products made up 60% and 40% of the market respectively, but after the ban was imposed, imports of raw materials were also banned. 


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