Smuggling Worsens Shoemaking Woes
Economy, Domestic Economy

Smuggling Worsens Shoemaking Woes

Around $500 million worth of shoes are smuggled into the country every year, says the head of Handmade Shoemakers Union. This is while, according to the Islamic Republic of Iran Customs Administration, annual shoe imports through legal channels stand at $17 million. Noting that the annual consumption of footwear in Iran stands at 240 million pairs, Rasoul Shajari added that economic recession in recent years has badly impacted the domestic shoemaking industry, resulting in low demand and piles of unsold products, IRNA reported.

Short URL : http://goo.gl/OctvcP
  1. http://goo.gl/3lx10Y
  • http://goo.gl/vII6as
  • http://goo.gl/IMlE5V
  • http://goo.gl/u2gKBj
  • http://goo.gl/MIqGvr

You can also read ...

Iran, India Reinforce Economic Ties With Chabahar Deal
The development of the strategic Chabahar Port is becoming a...
Banks, Petrochems Dominate List of Iran’s Largest Companies
Iran’s Industrial Management Institute released on Sunday the...
3rd Turkish Border Gate With Iran to Operate 24/7
Turkey is working to keep a third border gate with Iran open...
The forex volatility had caused widespread concerns among the public and investors .
After weeks of wild rallying, the US dollar has lost its...
MPs Weigh FATF’s Impending Decision
As the 700 delegates from 203 jurisdictions of the Financial...
Tehran Housing Construction Permits Rise in H1
The number of residential construction permits issued in...
New US Probe May Dim Boeing Deal Prospects
An Iranian airline under sanctions by the US for ferrying...
Insurance E-Marketing Rules Notified
The Central Insurance of Iran has published rules to regulate...