Masoud Karbasian
Economy, Domestic Economy

IRICA: Smuggling to Reduce to $6b This Year

Smuggling will see a sharp decline and reach $6 billion by the end of the current Iranian year (March 20, 2017).
The director general of the Islamic Republic of Iran Customs Administration, Masoud Karbasian, made the statement on the sidelines of the meeting of the heads of customs departments of the Economic Cooperation Organization in Tehran on Wednesday, Mehr News Agency reported.
Karbasian noted that one of the methods of estimating the volume of smuggling is by adding up imports with domestic production and comparing it with the per capita consumption data announced by the Statistical Center of Iran, the difference of which will denote smuggling.  
About $15.5 billion worth of goods were smuggled into and out of Iran in the last Iranian year (March 2015-16), registering a 27.7% decrease compared to the year before, according to Iran’s Headquarters for Combating the Smuggling of Commodities and Foreign Exchange.
According to the headquarters, some 70 trillion rials (more than $1.96 billion at market exchange rate) worth of contraband have been confiscated in the first half of the current Iranian year.
“Our efforts in combating smuggling at land and sea borders as well as transit routes have turned it into a high-risk activity,” the organization’s spokesman, Qasem Khorshidi, was quoted as saying late last month.
The month of August saw the destruction of 400 tons of smuggled goods worth 150 billion rials ($4.24 million) in Tehran in what is said to be the largest destruction of contraband in Iran in 38 years.
Khorshidi puts the total amount of seized contraband for the past fiscal year (March 2015-16) at $1.4 billion.
Apparel, foodstuff, mobile phones, gold ingots and household appliances top the list of incoming contraband, accounting for 41% of the smuggled goods.
Fuel is the main item smuggled out of Iran due to its cheap price compared to that in neighboring countries like Turkey and Pakistan.

Short URL : https://goo.gl/eek5rk
  1. https://goo.gl/b0asAr
  • https://goo.gl/q59KHF
  • https://goo.gl/bwz7Qo
  • https://goo.gl/tJq36Z
  • https://goo.gl/anfbKB

You can also read ...

VDMA Backs Iran Trade
Germany’s plastics and rubber machinery trade association,...
New Forex Initiative Unable to Tip Scales
The new forex initiative has only managed to fix major policy...
Central Bank of Iran Against Market Intervention
Central Bank of Iran's Governor Abdolnasser Hemmati said the...
Equity-Based Sukuk Return to Iran Capital Market
The government is set to clear part of its debt to Social...
Musk Bid for Tesla Still Murky
Tesla Inc’s board named a special committee of three directors...
Tehran Shows 4th Biggest Upturn in Economist’s Livability Index
Tehran is one of the top five cities in the world to have...
Over €81m Worth of Airport Equipment Purchased  Post JCPOA
Iran Airports & Air Navigation Company, an arm of the...
S. Korea Bans Recalled BMWs Over Fire Fears
The South Korean government has said it will ban about 20,000...

Add new comment

Read our comment policy before posting your viewpoints