Iranian exports to EU up 14% in six months

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Experts expect that Iran’s trade with the world, especially the European countries, will rise remarkably after the final nuclear deal between Tehran and P5+1 takes effect.

Iran’s exports to the 28 member states of the European Union in the first half of 2015 witnessed a 14-percent increase over the corresponding period last year, according to data released by the EU statistical office, Eurostat.

The bloc’s imports from Iran during the six months reached €550 million, showing a 14-percent rise compared to €480 million for the same period in 2014, said the Eurostat report.

Total trade between Iran and the EU in the first half of the current year amounted to €3.705 billion — a rise of seven percent compared to the figure for the same period in 2014.

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

Experts expect Iran’s trade with the world, especially the European countries, to rise remarkably after the final nuclear deal between Tehran and P5+1 takes effect.

On July 14, Iran and six world powers reached an agreement on the text of a comprehensive 159-page deal on Tehran’s peaceful nuclear program. The deal envisages the removal of all sanctions once it goes into effect.

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