Iran’s annual smuggled goods to shrink to $6B

By  Trend

The import of smuggled goods to Iran is expected to hit $6 billion in the current Iranian fiscal year (to end March 20), according to Mehdi Karbasian, head of Iran Customs Administration.

Addressing Economic Cooperation Organization (ECO) Customs Chiefs Summit in Tehran, he said the government reduced the number from $25 billion in 2013 to $15 billion last year.

Iran seized $2.2 billion worth of smuggled goods in the first six months of the current fiscal year.

The value of smuggled clothes to Iran stands at $2.7 billion a year.