US Market Still Interested in Persian Rugs, Despite Sanctions
The US market has the capacity to take in up to $100 million worth of Iranian carpets annually, Iranian news agency (IRNA) said in a report Sunday, sourcing Managing Director of the Central Union of Rural Hand-Woven Carpet Exporters Nosratollah Mahmoudzadeh, who added that despite economic sanctions imposed on Iran over the past decade, the American people's interest in Persian carpet has not changed
The global trade of hand-woven carpets stands at three billion dollars annually and Iran's share of the figure is 31 percent, said the agency.
Talking to reporters, Mahmoudzadeh dismissed claims that the American market can take in three billion dollars worth of carpets annually.
Mahmoudzadeh said the average annual export of Iranian carpets to the US stood at 1,360 tons during the 1980s and 84 tons in 1990s.
Iran's carpet export to Canada in the same period rose to 1,300 tons in the 1990s from 85 tons in the 1980s annually, according to the official.
Economic analysts quoted by the agency confirm that despite fluctuations in export of carpet to the US and Canada as a result of the economic sanctions, public demand for Persian carpets in those countries has not diminished – Albawaba.com
© 2000 Al Bawaba (www.albawaba.com)
- Oil prices lower despite Iran's best efforts
- Official: Iran Can Export Software Worth $1b Annually
- Fully booked for post-sanctions business: Iran's five star hotels are buzzing with Western business delegations
- Iran: Hand-woven carpet exports drop
- US Senate Extends Sanctions on Iran, Libya for Five Years