Iran embargo frays Bangladesh fibre trade

Billion-dollar jute business suffers major losses due to Western sanctions on its biggest customer.

    Bangladesh's billion-dollar jute trade, which about 40 million people in the country rely on to make a living, has suffered major losses due to Western sanctions on Iran, the industry's biggest customer. 

    Bangladesh, one of the world's largest producers of the vegetable fibre, which is used to create a wide range of products including carpets and car interiors, is also losing business with Egypt, Syria and Libya. 

    Al Jazeera's Nicolas Haque reports from the Bangladesh city of Nasringdi. 

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Can Muslim leaders alter Trump's Jerusalem decision?

    Can Muslim leaders alter Trump's Jerusalem decision?

    Turkish president calls Jerusalem a 'red line' as he hosts an Organisation of Islamic Cooperation summit in Istanbul.

    'Beaten' Palestinian boy in viral photo charged

    'Beaten' Palestinian boy in viral photo charged

    Fawzi al-Junaidi, 16, denies accusations of throwing stones and protesting, saying he was severely beaten by Israelis.

    Donald Trump: A president swallowed by history

    Donald Trump: A president swallowed by history

    The US has tried and failed to create a capital for another state before. "Israeli" Jerusalem will be the next Saigon.