Chewing Gum Imports Dwarfed by Contraband
Chewing Gum Imports Dwarfed by Contraband

Iran Chewing Gum Imports Dwarfed by Contraband

Iran Chewing Gum Imports Dwarfed by Contraband

More than 1,430 tons of chewing gum worth over 69 billion rials (close to $1.71 million at market exchange rate) were imported during the seven months to October 21, according to figures released by the Islamic Republic of Iran Customs Administration.
The imports mainly came from Turkey, the UAE, Italy, China and Poland, Eranico reported.
Legal imports, however, are dwarfed by $440 million worth of smuggled gum into the country every year, according to Jamshid Maghazei, the head of the Association of Iranian Confectionery Manufacturing Companies.
“Besides harming domestic production, consumption of contraband gum poses health risks as there is no supervision over the quality of smuggled products,” he said.
Maghazei believes the improving standards of domestic products and proper advertising of local brands can wean consumers off foreign gum.
Iran also exports chewing gum to Afghanistan, South Africa, the UAE, Bahrain, Tajikistan, Tanzania, Russia, Kyrgyzstan, Qatar and Kuwait.

Short URL : https://goo.gl/FnC2US
  1. https://goo.gl/vrHzQU
  • https://goo.gl/YRDwH1
  • https://goo.gl/hLVwOp
  • https://goo.gl/fVLunL
  • https://goo.gl/EOf0Hn

You can also read ...

TCCIM chief, Masoud Khansari (C), meets Sweden’s Ambassador to Iran Helena Sangeland in Tehran on April 18.
As a Swedish business delegation met with their Iranian...
JP Morgan Sees Headwinds for Tesla Shares
Tesla’s electric car sales will suffer due to increased...
Opel’s owner PSA aims to eliminate 3,700 jobs under a program of voluntary departures.
Planned job cuts at carmaker Opel will save enough cash to...
Capital Intelligence participated in a gathering hosted by the Center of Investment and Consultancy Services  in tehran on April 21. (Photo: Saeed Ameri)
Having entered a new era after the lifting of most sanctions...
PTA With Turkey Not in Iran’s Interests
Iran’s economic interests have not been incorporated in its...
Online Forex System to Help Promote Transparency
Governor of the Central Bank of Iran has provided further...
Several lines of the subway network are still under construction.
Allocation of 7 trillion rials ($166.6 million) worth of bonds...
CBI: Gold Coin Prices Will Balance Out
The Central Bank of Iran expects gold coin prices to approach...

Add new comment

Read our comment policy before posting your viewpoints