VDMA notes decline in trade with Iran

Tehran – As Tehran marks Iranplast 2018, German machinery trade association VDMA has expressed cautious optimism for trade with the Islamic Republic amid heavy US sanctions on the country.

While German plastics and rubber machinery manufacturers gained further market shares in Iran in 2017, declining deliveries in the first six months of 2018 give reason for “cautious hope” for the second half of the year, VDMA said in a 24 Sept statement.

In 2017, Germany ranked second among top plastic & rubber machinery exporters to Iran with…

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