Economy, Domestic Economy
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Cheap Contraband Thorn in Apparel Industry’s Side

Cheap Contraband Thorn in Apparel Industry’s Side    Cheap Contraband Thorn in Apparel Industry’s Side

Most garments sold under Turkish and Chinese brands are leftovers from sales and shoddy products smuggled into Iran, an official with Iran Textile Exporters and Manufacturers Association said. “These products cannot compete with Iranian items in terms of quality, but their cheap prices are causing problems for the domestic industry,” ISNA also quoted Saeed Hosseinzadeh as saying. “Import tariffs were reduced from 200% to 55% to curb smuggling, yet the market is replete with contraband products,” he added.

Financialtribune.com