German Machine Tool Exports to Iran Up 64%

Germany’s machine tool exports to Iran increased by 64% in 2016 compared with the year before to stand at €33 million, an executive director with the German Machine Tool Builders’ Association, also known as VDW, said. “We are prepared to give support to members of our association who are willing to start activity in Iran,” IRNA quoted Wilfried Schafer who was speaking on the sidelines of the second edition of Germany’s specialized exhibition for machine tools and metalworking sector known as “AMB Iran 2017”, which opened in Tehran on Tuesday and concluded on Friday. The event, co-organized by Messe Stuttgart, a major German exhibition and trade fair center, and VDW, saw the participation of more than 200 exhibitors from 20 countries with the aim of negotiating joint commercial investments, promoting technology transfer and boosting Iran’s industrial sector.