The volume of trade between Iran and European countries witnessed a major leap in the fourth month of 2016, a report said.
The latest figures from EU’s statistical office Eurostat show that Iran’s exports to Greece, France, and Spain respectively increased 108-fold, 60-fold and 9-fold in April, compared to the same period last year.
The European Union (EU) member states’ imports of Iran saw a three-fold rise in April, it added.
The entire imports of the 28-member block amounted to 326 million euros. This is while that the number stood at 107 million euros in 2015.
The report also said that the turnover between Iran and Romania stood at 18 million euros in April with a 7.5-fold growth.
Belgium’s imports from Iran also witnessed an unprecedented growth in April, standing at 17.1 million euros.
However, Italy’s imports from Iran in the same period witnessed a 50 percent decline, reaching 21.7 million euros.
The trade volume between Iran and Europe rose after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 finalized the nuclear deal and started implementing it on January 16.
The agreement terminated all nuclear-related sanctions imposed on Iran.
FAR law firm