New rules for automotive cybersecurity will come into effect in Europe this summer. The tougher electronic safety requirements are forcing several car manufacturers to streamline their offerings.
In the first month of 2024, the volume of trade between Iran and the European Union reached 380 million euros, a decrease of 10% compared to January 2023. 32% of Iran's total trade with Europe is with Germany.
A look at the statistics for German exports to Iran shows that, following the fluctuations of the last two years, German exports to Iran have stabilized in recent months.
Germany is asking tech giants Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft to contribute to the costs of complying with the new EU rules, aiming to "limit their power," according to Reuters.
On February 26, 2024, a cooperation agreement was signed between the German-Iranian Chamber of Commerce and Industry and the Tehran Printing and Packaging Union to establish communication and cooperation using the facilities and capacities of the parties involved.
Although European exports to Iran reached their highest level in the last 15 months in the last month of 2023, the total volume of trade between Iran and Europe in the whole year shows an 11% decrease.
In February 2024, the foreign trade statistics of Iran and Germany were published, showing a 23% decline in the volume of transactions between the two countries in 2023 compared to the previous year.