Israeli marble imports from Iran booming - report

"Yediot Ahronot": Israeli marble imports from Iran are injecting millions of dollars a year into the struggling Iranian economy.

Hebrew daily "Yediot Ahronot" reports that, despite tightening economic sanctions against Iran, Israeli marble imports from Iran are injecting millions of dollars a year into the struggling Iranian economy.

Iranian marble is very popular in Israel, and the Israeli-Iranian marble trade is booming, with imports coming via Turkey. Iran sends marble blocks fropm its quarries to factories in Turkey from where it is imported to Israel. The legality of the trade is murky, since it is not clear whether trade with a third party is completely illegal. The Israel Tax Authority says that it has no customs data on trade with Iran.

Published by Globes [online], Israel business news - www.globes-online.com - on October 9, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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