16396
Footwear Exports Diminishing
Economy, Domestic Economy

Footwear Exports Diminishing

About $110 million worth of footwear was exported in the past Iranian calendar year (ended March 20) showing a 5 percent decrease, ISNA quoted head of the Association of Managers and Experts of Iranian Shoe Industry, Ali Lashkari, as saying. “Shoe export statistics over the past 6 years show that the highest value of exports was recorded in the Persian year of 1390 (March 21, 2011-March 20, 2012) at $146 million, while the lowest value was registered last year,” the official noted. He referred to inadequate supply of alcohol, as an important raw material in shoe manufacturing, and increased transit duties imposed by the Iraqi government as the main reasons behind the recent reduction in shoe exports. Currently, Iraq, Afghanistan and Azerbaijan account for 80 percent of Iran’s footwear export markets, according to Lashkari, who added that China and Turkey are gradually taking over these markets.

Short URL : http://goo.gl/QFFle4

You can also read ...

Forex Rates Tumble
The Central Bank of Iran’s measures, namely to issue...
Iran to Send More Flour to Iraq via Russia Wheat Deal
Iran is negotiating a wheat import deal with Russia that would...
Iran’s currency had lost a quarter of its value in six months, sliding to a record low of 49,000 last week.
Governor of the Central Bank of Iran Valiollah Seif defended...
Gov’t Earned 150% More From Tax Than Oil Last Fiscal
The government earned 150% more from tax than from oil in the...
24 New Foreign Traders in Iran’s Capital Market
The Central Securities Depository of Iran issued 24 trading...
$32 Billion Worth of Transactions in 1 Month
Shaparak, the payment settlement network and watchdog...
Lawmakers expressed concerns that the government is becoming increasingly dependent on raising money by issuing debt to cover widening budget deficits.
The government has issued over 300 trillion rials ($6.4...
NDFI to Get 32% of Oil, Gas Money
Members of parliament on Saturday approved a measure...

Trending

Googleplus