Persian Rug Embargo 2018

One man who has been in the industry for decades plans on retiring in the face of another embargo on persian rugs.

Persian rug embargo 2018. That is the news. For those with supportive sales figures and statistics this is likely a smart move. Government put in place an embargo against goods from iran. Here is the article from the department of the treasury detailing the specifics.

Allies iran and. 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. Since september 2010 the u s.

On may 8 2018 the u s. This includes persian rugs coming into or going out of the. Here is the article from the department of the treasury detailing the specifics. 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.

If you own a persian rug it s valuable. What follows is pertinent rug commentary. Sanctions last year nearly 100 million worth of persian carpets were exported to the u s. The last persian rug embargo began in 2010 and was lifted in early 2016.

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. Embargo on persian rugs lifted in iran has changed everything. Previously persian carpets were caught in the middle of an ongoing international struggle between the u s. 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.

Iran s persian carpet industry fears having the rug pulled from under it by u s. No other country currently has plans to enact an embargo on iranian made carpets. A reactionist may think to immediately purchase a hedged inventory of iranian made goods prior to 6 august 2018.