56891
Iran's Home Appliance Market Abounds With Contraband
Economy, Business And Markets

Iran's Home Appliance Market Abounds With Contraband

One-third of all home appliances in the Iranian market is smuggled, an official with the Ministry of Industries, Mining and Trade said.
According to Abbas Hashemi, $485 million worth of home appliances were legally imported to Iran while exports stood at $170 million during the eight months to November 20.
“Smuggled home appliances meet 30-40% of the domestic demand,” he was quoted as saying by Mehr News Agency.
The home appliances market in Iran is worth 200 trillion rials (over $4.95 billion at market exchange rate).
Domestic production accounts for only a quarter of this amount and the rest is dominated by foreign brands, according to the Association of Household Appliances Industries of Iran.

 

Short URL : https://goo.gl/yNEPXj
  1. https://goo.gl/Xc1LxG
  • https://goo.gl/g81WUQ
  • https://goo.gl/sWqa04
  • https://goo.gl/R2TWNe
  • https://goo.gl/DoyITR

You can also read ...

Valiollah Seif
Governor of the Central Bank of Iran said on Wednesday anti-...
Nat’l Virtual Currency in the Offing
Months after the idea was first publicized, it seems that Iran...
5th Indian Wheat Cargo Arrives for Afghanistan in Chabahar
India’s fifth consignment of wheat to be sent to Afghanistan...
Presale Crosses  96,000 Gold Coins
The presale of Bahar Azadi gold coins priced at 14 million...
Spanish Foreign Minister Alfonso Dastis met with President Hassan Rouhani on Feb, 21.
Foreign ministers of the Netherlands and Spain are in Tehran...
Lexus’ New Crossover to Break Cover  in March
Lexus will pull the covers off of the production version of...
The government has required car importers to pay the higher tariffs announced in January.
The government has finally allowed the clearance of imported...
Bank Loans Top $100b in 10 Months
Banks and credit institutions doled out more than 4.62...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus