Iran becomes a member of International Apparel Federation

Business Materials 18 May 2016 20:26 (UTC +04:00)

Baku, Azerbaijan, May 18

By Khalid Kazimov - Trend:

Rahul Mehta the President of International Apparel Federation (IAF) has said that Iran has become a member of the IAF.

According to Rahul Mehta International Apparel Federation has 60 members and the annual volume of trade turnover of the IAF mounts to $500 billion, Fars news agency reported.

While Iranians spend $15 billion on clothing annually, the country only export $100 billion worth of garments, the report said.

Iran's textile industry has capacity to produce 300,000 tons of clothing products annually.

Iranian officials earlier announced that only 10 percent of clothing items consumed in Iran is imported into the country through legal procedures.

According to media reports during the first half of last Iranian calendar year, (March-September 2015) some $600 million worth of clothing was smuggled into Iran from Turkey.