EghtesadOnline: A total of 13,765 tons of cosmetic products and toiletries worth $10.6 million were exported from Iran to 21 countries during the first five months of the current Iranian year (March 20-Aug. 21), according to the spokesperson of the Islamic Republic of Iran Customs Administration.
EghtesadOnline: Contraband cosmetics and toiletries currently account for 70% of the Iranian market, which a direct result of the government’s ban on imports of these products since May 2019, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
EghtesadOnline: Imports constitute 90% of the perfume market in Iran, but since the government has banned its imports, illegal inflows of perfumes, just like other cosmetic products, will increase even more, says the deputy head of the Iranian Association of Cosmetics, Toiletries and Perfumery Importers.
EghtesadOnline: Iranian households’ spending on cosmetics increased in the last Iranian year [ended March 20, 2019] compared with the year before, but consumption shows a decline due to inflation, the Persian economic daily Donya-e-Eqtesad reported, citing the Statistical Center of Iran's data.
EghtesadOnline: Import tariff on cosmetics will now rise by 10% to reach 26%, as per the new directive notified to the Islamic Republic of Iran Customs Administration by Ali Maqouli, the director of Center for Imports and Free Trade Zones Affairs of IRICA.
EghtesadOnline: As the US reimposes sanctions on Iran, some small European businesses remain steadfast in their choice to continue trading with Tehran despite “risks”.