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Central & South Asia
Iran embargo frays Bangladesh fibre trade
Billion-dollar jute business suffers major losses due to Western sanctions on its biggest customer.
Last Modified: 31 Jul 2012 12:36

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. 

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Source:
Al Jazeera
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