Tehran- April 13, 2016 – the memorandum of understanding was signed by Claudio Marenzi, President of Sistema Moda Italia (SMI) and Abolghasem Agha Hosein Shirazy, President of Tehran Garment Union (TGU) on behalf of SMI and TGU. This MoU was signed in the presence of Matteo Renzi, Italian Prime Minister, Mohammad Reza Nematzadeh, Minister of Industry, Mine and Trade of Iran, Heads of Iran and Italy Chambers of commerce of and other official delegation.
Italy became the first European country to take steps to build a stronger presence in Iran following the lifting of Western sanctions. The two countries signed an agreement during a two-day visit by Italian Prime Minister Matteo Renzi with a delegation of business leaders to increase trade between Italy and Iran and reinforce industrial cooperation.
Sistema Moda Italia and Tehran Garment Union recognizing the opportunity for the Textile and Fashion Industries of Iran and Italy to engage in enhanced trade and industrial Cooperation, based on mutual complementarities in the Textile and Fashion Industries of the two Countries, agree to the following provisions.
TGU and SMI shall make efforts to promote bilateral trade and industrial Cooperation in the Textile and Fashion sector between the two Countries, by:
TGU and SMI are very pleased with the signing of this MoU. This would not happen without IAF ‘s support and assistance.