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Volkswagen re-enters Iranian market after 17 years

Germany's major motor company Volkswagen has reportedly said it would resume exports to Iran by next month, marking its return after a 17-year absence. The aim is to reduce the carmaker's dependence on volatile markets such as China and Brazil with deliveries to China reportedly dropping 3.3% in 2017. Notably, Volkswagen suspended exports to Iran in 2000 over international sanctions against its nuclear weapons.

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