Iranian Exports to EU Jump by 14% in 6 Months

TEHRAN (Tasnim) – The value of Iran’s exports to the European Union’s (EU) 28 member states in the first half of 2015 witnessed a 14 percent increase, compared to the same period last year, data released by the statistical office of the EU, Eurostat, showed.

Iranian Exports to EU Jump by 14% in 6 Months

The EU imports from Iran over the six months reached 550 million euros, showing a 14 percent rise, compared to the same period in 2014, in which the figure stood at €480 million, according to the Eurostat.

The total trade between Iran and the EU in the first half of the current year amounted to €3.705 billion, showing a 7 percent increase compared to the same period in 2014.

The value of Iran-EU bilateral trade in the corresponding period last year stood at €3.465 billion, the report said.

Experts expect that Iran’s trade with the world, especially the European countries, will rise remarkably after the final nuclear deal between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) takes effect.

Iran and the six nations on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran's peaceful nuclear program.

The comprehensive nuclear deal would terminate all nuclear-related sanctions imposed on Iran after coming into force.

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