Iranian Exports to EU Jump by 14% in 6 Months

News ID: 835892 Service: Economy
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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.

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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