Iran traded 4.19 million tons of non-oil commodities worth $6.27 billion with EU4 during the last Iranian fiscal year (ended March 20) to register 21.8% and 24.24% decline in tonnage and value respectively compared to the year before.
The EU4, also known as “Big Four” or G4, refers to France, Germany, Italy and the United Kingdom. The major western European powers are individually represented as full members of G7, G8, G-10 and G20.
The term G4 was used for the first time when French President Nicolas Sarkozy called for a meeting in Paris with Italian Prime Minister Silvio Berlusconi, UK Prime Minister Gordon Brown and German Chancellor Angela Merkel to consider the response to the financial crisis during the Great Recession.
June 30, 2019 17:44
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Iran's Non-Oil Exports to EU4 Up 11%
Iran’s exports to the Big Four stood at $587.33 million during the year to March 20, 2019, indicating an 11.2% increase, while imports were worth $5.68 billion, down 23.25% year-on-year
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