EghtesadOnline: A multilateral memorandum of understanding was signed on Wednesday to set up Iran’s first-ever apparel industrial park in cooperation with public, private and cooperatives sectors.

EghtesadOnline: With 5 trillion rials (over $133 million) worth of investment, Iran’s apparel industry has the potential of creating 370,000 jobs, a deputy minister of cooperatives, labor and social welfare said.

EghtesadOnline: The dominance of foreign brands in Iran’s apparel market, mostly through smuggling, has undermined domestic production over the years.