VDMA backs continued EU trade with Iran

Frankfurt – The German rubber and plastics machinery trade association, VDMA, has voiced its support for EU efforts to protect European companies against sanctions on their activities in Iran.

“We believe that the fundamental decision of the EU is right to finally tackle the problem of extra-territorial sanctions, as is currently the case in the US,” said VDMA chief executive Thilo Brodtmann in an 18 May statement in German.

The comments followed an EU move on 17 May to reactivate “Blocking Statute”, which bans European companies and…

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