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


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