abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

28 Aug 2016

Author:
Monavar Khalaj, Financial Times

Persian rugs enjoy post-sanctions boom US sales soar, providing a rare bright spot for Iran

The US was Iran’s major market for Persian rugs and the sanctions caused total carpet exports to drop by 30 per cent — the embargo meant no American could buy, sell or import Persian rugs, even if they were purchased outside of the Islamic republic.

But now, with many of the west’s sanctions lifted after Tehran reached a historic nuclear deal with western powers last year, the industry is enjoying a boom as sales to America soar...

Timeline