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Iran's share in world carpet trade falling

Managing Director of Iran's Carpet Joint Stock Company Mohammad-Ali Karimi said in Tehran on Monday that Iran's share in the world's carpet exports has dropped to 28 percent from 50 percent, IRNA reported.

Karimi told reporters that Iran would be able to regain its 50 percent share in the trade by upgrading quality of carpet production and expanding trade in rugs.

He further deplored that demand for carpet worldwide has decreased with annual revenues ranging between two and 2.5 billion dollars.

He said Iran earned about 516 million dollars last year from carpet exports, and hoped that the revenue would continue to rise.

Karimi blamed self-styled policies and decisions among the reasons for falling trade of Iranian carpets on the global markets.

He said that the rivals had used the conditions in their favor winning further lucrative markets for their products and turning into staunch rivals for Iranian carpets.

The official said the 14th Exclusive and Exports Carpet Fair of Iran will be open on an area of 30,000 square meters in Tehran from August 23-29 to showcase carpets from different regions of the country.

... Payvand News - 8/21/03 ... --

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