Iran-Europe trade sees unprecedented growth in April: Eurostat
. Author: mbncom
Trade between Iran and European countries witnessed a major leap in the fourth month of 2016, a report said.
Latest figures from EU's statistical office, Eurostat, indicate that Iran's exports to Greece, France and Spain increased 108-fold, 60-fold and 9-fold respectively in April, compared to the amounts for the same month last year, reported Tasnim News Agency.
Imports by European Union (EU) member states from Iran saw a threefold rise in April, it added.
Total imports of the 28-member bloc amounted to €326 million whereas the figure stood at €107 million in 2015.
The report further said that trade turnover between Iran and Romania stood at €18 million in April — a 7.5-fold growth.
Belgium's imports from Iran also witnessed an unprecedented growth in April to stand at €17.1 million.
However, Italy's imports from Iran in the same period witnessed a 50 percent decline to reach €21.7 million.
Trade between Iran and Europe rose after Tehran and the P5+1 (Russia, China, the US, Britain, France and Germany) finalized the nuclear deal on July 14, 2015 and started implementing it on January 16.
The agreement terminated all nuclear-related sanctions on Iran.
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