TEHRAN - The European Union’s trade with Iran
amounted to €10.3 billion in the first 10 months of 2016, a 66 percent
rise year on year, based on the latest figures released by the European
Union’s statistics agency Eurostat.
The figure was €6.2 billion during January-October 2015, Tasnim news agency reported.
Iran’s exports to the EU stood at €3.9 billion from January to
October 2016, quadrupling from €1 billion during the same time span in
Meanwhile, EU’s exports to Iran increased by 23 percent and reached €6.4 billion from €5.2 billion over the 10-month period.
In April 2016, Iran and the EU issued a joint statement in Tehran
setting the road map for cooperation. The statement was released by
Iranian Foreign Minister Mohammad Javad Zarif and EU Foreign Policy
Chief Federica Mogherini who visited Iran along with seven European
The two sides taking stock of their long standing relations, based
upon mutual respect and interests, reiterated their intention to
develop a broad and comprehensive agenda for bilateral cooperation.