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EU’s Iran Import Rise 70% in August
Economy, Business And Markets

EU’s Iran Import Rise 70% in August

The value of Iranian exports to the European Union (EU) witnessed a 77 percent increase in August compared with the same month in 2013, reaching $102 million, Eurostat reported.

Trade turnover between Iran and the 28 member states of the EU during the first eight months of 2014 stood at $5.861 billion, according to the Eurostat.
The value of Iran-EU trade exchanges from January to August 2014 grew by 15 percent, compared to the same period last year, which had amounted to $5.079 billion, the data indicate.
The EU imports from Iran during the first eight months of 2014 reached $824 million, showing a 28 percent increase, compared to the same period last year, in which the figure stood at $644 million.
According to the data, the total value of EU imports from Iran in August 2014 amounted to $102 million, indicating a 77 percent increase compared with August 2013.  
In an interview with the Tasnim news agency earlier this week, a senior member of the European Parliament (EP) said that the economies of Iran and the European Union are already 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 our trade and financial affairs,” Eva Kaili, a Greek politician and member of the EP, said.

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