News ID: 13887
Published: 0405 GMT October 20, 2014

EU imports from Iran up 77%

EU imports from Iran up 77%

Iranian exports to the European Union (EU) witnessed a 77-percent rise in value in August compared with the same month of 2013.

Trade turnover between Iran and the 28 EU member-states in the first eight months of 2014 stood at €4.587 billion, data released by Eurostat showed.

The value of Iran-EU trade exchange from January to August 2014 grew by 15 percent, year-on- year, which amounted to €3.975 billion. 

EU imports from Iran during the first eight months of 2014 reached €645 million, showing a 28-percent increase, compared with the same period of last year, which figure stood at €504 million.

According to the data, the total value of EU imports from the Islamic Republic in August 2014 amounted to €80 million, indicating a 77 percent increase compared with August 2013.   

In an interview with Tasnim News Agency earlier this week, a senior member of the European Parliament (EP) said the economies of Iran and European Union are interdependent and expressed optimism that the future of mutual trade between Tehran and the EU is even more promising.

“The EU and Iran have a long history of economic transactions and a high record in trade and financial affairs,” Eva Kaili, a Greek politician and member of the EP, said.

“A wide range of products cross our borders every year, including energy products, machinery, vehicles, chemicals and manufactured goods. Our economies are already interdependent and the prospects are even more promising," she said.


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