VDMA backs Iran trade as Trump tariffs bite

Tehran – Germany’s plastics & rubber machinery trade association the VDMA has highlighted the importance of the Iranian market ahead of the Iranplast trade show, to be held in Tehran 24-27 Sept.

At nearly €38.0 million, Germany came second to China in terms of machinery exports to Iran in 2017, posting 87.3% growth compared to the previous year.

However, for the first six months of 2018, German plastics & rubber machinery exports to the country came in at just €15.4 million – 30.9% lower than in last…

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