Sanctions cripple Iran’s carpet exports - AFP
Iran’s once-prized handwoven carpets no longer sell as before due to sanctions, Agence France-Presse reported.
The industry earned more than $2 billion in export revenue in the early 1990s but now struggles to reach around $40 million, a drop of more than 95 percent, according to AFP.
The return of sanctions in 2018 cut off access to its biggest traditional market, the United States, the report said.
Exports last year went to 55 countries, with Germany, the United Arab Emirates, Japan and China among the top destinations, AFP added.
