Italian textile machinery to be present at Irantex: ACIMIT

Moreover, in the service centre local companies will be able to get for information on the Italian technological offer.

"Despite the difficulties that still exist for doing business in the Iranian market due to the well-known reasons, it is important to keep in touch with a market of significant importance for our manufacturers," said Alessandro Zucchi, president of ACIMIT. Embargo to Iran has in fact reset Italian exports towards the country, which until a decade ago was among the main foreign market of Italian builders. In the first half of 2019 the value of the Italian direct export to Iran was equal to €2 million compared to €15 million in the same period of 2018.

"Unfortunately, what is happening in Iran testifies how geopolitical tensions can influence heavily the business of a sector," concluded Zucchi. Only two years ago, following the signing of the Iranian nuclear deal, named Joint Comprehensive Plan of Action (JCPOA), Italian exports came to a value of around €45 million. Punto Italia at Irantex is the signal that our entrepreneurs believe in the ending of the embargo and in the resumption of normal commercial relations with the Iranian counterpart."

ACIMIT, the association of Italian textile machinery manufacturers, represents an industrial sector that comprises roughly 300 manufacturers (employing around 12,000 people), which produce machinery for an overall worth of around €2.5 billion, of which 84 per cent are exported.

Fibre2Fashion News Desk (PC)