Persian Rug Embargo 2018

What follows is pertinent rug commentary.

Persian rug embargo 2018.

Previously persian carpets were caught in the middle of an ongoing international struggle between the u s. Here is the article from the department of the treasury detailing the specifics. If you own a persian rug it s valuable. Renewed sanctions on iran have put pressure on many iranian american business owners.

A reactionist may think to immediately purchase a hedged inventory of iranian made goods prior to 6 august 2018. Iran s persian carpet industry fears having the rug pulled from under it by u s. President announced his decision to re impose certain sanctions relating to iran etsy said in an email to persian rug vendors that use its site. Sanctions last year nearly 100 million worth of persian carpets were exported to the u s.

Embargo on persian rugs lifted in iran has changed everything. On may 8 2018 the u s. The last persian rug embargo began in 2010 and was lifted in early 2016. According to the below article these sanctions will be reinstated on august 6 2018.

That is the news. Iran s persian rug industry previously brought in 425 million a year but with sanctions prohibiting the carpets from being imported to the us and limiting tourists ability to buy carpets in. For those with supportive sales figures and statistics this is likely a smart move. Allies iran and.

This includes persian rugs coming into or going out of the. Government put in place an embargo against goods from iran. The embargo on persian rugs lifted in iran has made it easier for collectors to buy and sell these beautiful rugs to individuals in other countries who appreciate and cherish their beautiful qualities. One man who has been in the industry for decades plans on retiring in the face of another embargo on persian rugs.

Here is the article from the department of the treasury detailing the specifics. According to the below article these sanctions will be reinstated on august 6 2018. The last persian rug embargo began in 2010 and was lifted in early 2016.