17966
$17b Worth of Goods Smuggled p.a.
Economy, Domestic Economy

$17b Worth of Goods Smuggled p.a.

More than $17 billion worth of various goods, including home appliances, cosmetics, mobile phones and cigarettes, are smuggled into the country every year, head of the Central Taskforce to Combat the Smuggling of Goods and Foreign Currency, Habibollah Haghighi was quoted as saying by ISNA. He also noted that fuel is the top commodity smuggled out of the country, with over 5 million liters of fuel illegally exported to neighboring countries on a daily basis.  He mentioned the absence of proper regulations, import bans on certain products as well as high import tariffs as major causes of illegal imports.

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

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Trending

Googleplus