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Italy hopes for big trade with Iran

Iran has historically been a primary trading partner for Italy’s textile machinery industry. Italian textile machinery producers boast consolidated business relations with Iran’s textile manufacturers. International sanctions in recent years have delayed the modernisation process necessary for the Iranian industry to remain competitive globally.

In 2004, Iran was actually the fourth largest market for Italian textile machinery exports. International sanctions blocked the flow of textile machinery exports to Iran, but the recent nuclear agreement may pave the way toward a competitive re launching of the local textile industry.

Iran’s textile industry boasts an ancient tradition, with a very high number of manufacturers operating in a variety of different sectors along the production chain from spinning to finishing.

In 2014, the flow of imports of textile machinery to Iran resumed. The value of the sales of Italian textile machinery to Iran grew 170 per cent in 2014 compared to 2013.

ACIMIT (the umbrella association for Italian textile machinery manufacturers) will participate in the Italian trade mission in late November 2015. The visit will take place from November 28 to 30, 2015. ACIMIT has already planned a road show for 2016, with the aim of promoting Italian textile technology in Iran’s major textile producing areas.

www.acimit.it

 
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