59910
12.5m Cell Phones Worth $2.5b Smuggled Annually
12.5m Cell Phones Worth $2.5b Smuggled Annually

12.5m Cell Phones Worth $2.5b Smuggled Annually

12.5m Cell Phones Worth $2.5b Smuggled Annually

Each year 12.5 million cell phones are brought into Iran illegally depriving  government coffers $350 million in tax revenues, says a business official.
Hussein Qaravi, chairman of Iran’s Imports Federation, affiliated to Iran Chamber of Commerce, says, “Our assessments show mobile phones smuggled into the country in a year are worth almost $2.5 billion,” Mehr News Agency reported on Saturday. 
“Demand in the market is for nearly 14 million cellphones per year. According to official data, less than 10% of this number enters legally,” Qaravi said.
Criticizing the poor performance of oversight bodies, he added, “This number is huge…These goods cannot be trafficked into the country without being detected by officials.”
Iran’s total annual imports are in the region of $50 billion. It is highly disconcerting to see that smuggled cell phones account for a massive 5% of the nation's total imports about which officials have talked too often but done nothing to stop or punish the smugglers. 

Short URL : https://goo.gl/qN5mxU
  1. https://goo.gl/OywGva
  • https://goo.gl/0CDvxS
  • https://goo.gl/jBwCkn
  • https://goo.gl/tRKRUH
  • https://goo.gl/PIyByM

You can also read ...

The Airbus A320 family accounts for most of the narrow-body jets Iranian airlines have ordered in the past two years
Iranian airlines are placing massive orders for short- to...
Proposed Industries Minister Vows to Reform Forex, Bank Interest Rates
Mohammad Shariatmadari, industries, mining and trade minister-...
MANN+HUMMEL Opens Tehran Office
German manufacturing company and leading global filtration...
Foreign Investment to Help Remedy Recession, Inflation
Iranian President Hassan Rouhani, who is beginning his second...
Auto Parts Makers Visit Pakistan
Iran’s commercial attaché  in Islamabad led an economic...
Bank Refah to Boost Capital by $2.1b
Iran’s Bank Refah, affiliated with the Social Security...
Carpet Expo to Open  in Tehran
Tehran will host the 26th Iran Handmade Carpet Exhibition from...
TEDPIX Gains 213 Points
Tehran Stock Exchange’s main index gained 213 points or 0.26%...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus