Iran has historically been a major market for Italyâ€™s textile machinery industry. However, international sanctions have ceased the movement of textile machineries to Iran.
The recent nuclear agreement is expected to pave the way toward a competitive relaunching of the local textile industry.
In order to strengthen its presence in Iran, ACIMIT (the Association of Italian Textile Machinery Manufacturers) will participate in the Italian trade mission in late November.
Iranâ€™s textile industry owns an ancient tradition, with a very large number of manufacturers operating in a variety of different sectors along the production chain (from spinning to finishing).
The international sanctions have hampered the modernization process thereby making it difficult to face competition in the international market.
The agreement reached on 14 July concerning Iranâ€™s nuclear talks with the P5+1 countries (United States, Russia, China, Great Britain, France and Germany) and the government in Teheran, opens the door to a resumption in investments in textile technology by Iran.
Therefore, ACIMIT, the Association of Italian Textile Machinery Manufacturers, decided to participate in the Italian trade mission from November 28-30, promoted by the Italian Ministry of Economic Development and Ministry of Foreign Affairs, and organized by the Italian Trade Agency.
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