Iran-EU Trade Turnover Rises by 6%

TEHRAN (Tasnim) – A report released by the statistical office of the European Union (EU), Eurostat, said that the value of bilateral trade between Iran and the 28-nation bloc during the first 9 months of 2015 has increased by six percent.

Iran-EU Trade Turnover Rises by 6%

The value of trade transactions between Iran and the EU member states in the 9 months reached 5.597 billion euros, showing a 6 percent increase compared to the same period last year, according to Eurostat.

The trade turnover between the two sides in the first nine months of 2014 had amounted to €5.296 billion, the report said.

The total value of EU imports from the Islamic Republic from January to September 2015 amounted to €897 million, indicating a 21 percent increase compared to the same period in 2014.

The EU member states had imported €736 million worth of goods from Iran in the first nine months of 2014, According to the data released by the Eurostat.

The report comes against a backdrop of a new wave of interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran's nuclear program.

The comprehensive nuclear deal between Iran and the six powers would terminate all nuclear-related sanctions imposed on Iran after coming into force.

Experts believe that Iran's economic growth would rise remarkably after the final nuclear deal takes effect.

Related news
Most Visited in Economy
Top Economy stories
Top Stories