Fabric Smuggling
Economy, Domestic Economy

Fabric Smuggling

About 500 million meters of fabrics are annually smuggled into the country, said Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh on Monday, adding that annual domestic demand currently stands at 1.3 billion meters, 800 million meters of which are produced domestically. The minister underscored the provision under which complete tax exemption is granted to manufacturers who invest their total profits in expanding production and said the incentive is aimed at propping up domestic industries, Mehr News Agency reported.


Short URL : https://goo.gl/2aOO0V
  1. https://goo.gl/OpnXry
  • https://goo.gl/pQuUFr
  • https://goo.gl/R4rPlv
  • https://goo.gl/T2HBsX
  • https://goo.gl/u6uJxK

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...