Friday, 3 August 2018

Iran To Challenge U.S. Ban On Importing Persian Carpets At International Tribunals

The chairman of Iran's National Center for Persian Carpets says she plans to file a complaint against the United States at international tribunals for the sanctions Washington has imposed on handwoven Persian carpets.
Fereshteh Dastpak told Iran's official news agency, IRNA, on July 28 that "handwoven Persian carpets belong to the people of Iran," and described U.S. sanctions against buying and selling carpets around the world as "a mistake."
The U.S. Treasury Department barred U.S. companies from importing Persian carpets from Iran on June 27 following the U.S. withdrawal from the nuclear deal with Iran, also known as the Joint Comprehensive Plan of Action (JCPOA), on May 8.
"Based on international protocols, what belongs to a nation cannot be subjected to sanctions," IRNA quoted Dastpak as saying.
She said that the National Center for Persian Carpets, along with carpet weavers and dealers' trade unions, are working to have Persian carpets removed from the list of U.S. sanctions against Iran based on international conventions and protocols.
Persian carpets are the second-most important item on the list of Iran's exports. Iran exports Persian carpets to some 80 countries, but 30 percent of its carpet exports go to the United States, one of the biggest markets for handwoven carpets.

Exporting carpets is particularly vital for the sustainability of business for carpet weavers and dealers in Iran, as economic hardships in Iran have affected domestic sales.
It is also a way of creating revenues in hard currency for companies that have suffered from the devaluation of the national currency, the rial, particularly over the past six months when the rate of exchange for the U.S. dollar nearly tripled, reaching from over 30,000 rials in February to over 100,000 rials in late July.
The Iranian Students News Agency (ISNA) reported on July 29 that the rate of exchange for the U.S. dollar reached a new milestone of more than 100,000 rials and the price of standard gold coin reached more than 40 million rials.
The price rise affected the rate of exchange for other foreign currencies, too, as one euro was being traded for more than 120,000 rials on the Tehran market as of July 29, ISNA reported.
The rises in exchange rates and prices of gold took place within a few days of the appointment of a new governor for the Central Bank of Iran, a measure to tackle the economic crisis that is partly caused by the U.S. pull-out from the nuclear deal with Iran and the sanctions to be implemented in August and November.
The recent war of words between Iranian and U.S. officials led to the worsening of the situation, say reports from Tehran.
U.S. sanctions affecting exports of Persian carpets are not unprecedented. The U.S. government banned imports of Persian carpets originating from Iran for a few decades before the Clinton administration lifted the ban on importing carpets, pistachios, caviar, and dried fruit from Iran in the 1990s.
In the meantime, weavers in China and Pakistan copied Persian carpet designs and took Iran's place on the world market.
The U.S. government enforced the ban on importing Iranian carpets again on 2010. The ban led to a drop in Iran's carpet exports to the United States from $80 million per annum to zero. Following the 2015 nuclear deal with the West and the lifting of the ban on importing Persian carpets to the United States, Iran renewed $90 million of carpet exports per annum, according to IRNA.

Revival Rugs wants to give vintage Turkish carpets a new life on your floor

Millennials, you may have gathered, are in nesting mode. They’re carefully decorating their homes, but rather than using the brands their parents relied on, they’re turning to a new wave of startups–like Casper, Brooklinen, and Burrow–that make high-quality products at moderate prices.
And soon they’re going to find that perfect vintage Turkish carpet from a startup called Revival Rugs. The brand was cofounded by Ben Hyman–a Brooklinen cofounder–who is fully aware of how attractive the direct-to-consumer approach is to many millennials.
Revival Rugs scours Turkey for authentic Turkish carpets that are decades, if not centuries, old. It then makes any necessary repairs before shipping, storing, and photographing them for the website. Customers can then pick the one-of-a-kind carpet that they want and have it shipped to their door for a fraction of the price of buying one from a carpet dealer. Rugs start at just over $100 and can go up to nearly $2,000 for extra large pieces.

“The traditional supply chain involves many middlemen who mark up the price,” Hyman, the brand’s CEO, says. “Since we handle every aspect of the process, we can charge much less.”
By making the carpets more affordable, Revival Rugs can capture a segment of consumers who are younger than the traditional Turkish carpet customer. Hyman says the brand focuses on styling the rugs in a modern, fashion-forward way, to allow these vintage pieces to look at home in millennials’ apartments and houses. While some of the rugs are brand new, many are faded from years of use, a look that Hyman says many young buyers find cool.
“These carpets take up to a year to make by hand, and were well-loved by other owners for decades,” says Hyman. “There’s something beautiful about giving these carpets a new life in a chic modern home.”