European Union's trade with Iran rose to €5.107 billion in the first half of 2016

The European Union's trade with Iran rose to €5.107 billion in the first half of 2016, a 43 percent rise year on year, based on the latest figures released by the European Union's statistics agency Eurostat, quoted by Tehran Times. Trade between Iran and the EU was worth €3.563 billion in first six months of 2015.

From January to June 2016, EU's exports to Iran increased by 13 percent and reached €3.565 billion, from €3.154 billion in the first half of 2015. There has also been a sharp increase in the purchase of crude oil from Iran by EU countries.

Political and economic relations between Iran and the European union have improved considerably following the successful conclusion of the nuclear deal between Iran and the major international powers.

In mid-April, 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 commissioners.

source: commonspace.eu with Tehran Times.

 

Related articles

Editor's choice
News
Pope on Christmas Day: "Peace is a shared responsibility"

Pope on Christmas Day: "Peace is a shared responsibility"

In his Christmas address on St Peter's Square, Pope Leo XIV renewed his plea for peace, reminding the world that it is both God’s gift and humanity’s shared responsibility. Pope Leo XIV renewed his appeal for peace, dialogue, and responsibility, turning to those regions where violence and instability continue to claim innocent lives. The Pope prayed for “justice, peace, and stability for Lebanon, Palestine, Israel, and Syria,” and urged that the promise of peace rooted in righteousness be renewed. He appealed in a particular way for Ukraine, asking that “the clamor of weapons cease,” and that all those involved, with the support of the international community, find the courage to engage in “sincere, direct, and respectful dialogue.” Remembering conflicts that risk being forgotten, Pope Leo XIV expressed closeness to the victims of war and violence in Sudan, South Sudan, Mali, Burkina Faso, and the Democratic Republic of Congo, as well as to all those who suffer as a result of injustice, political instability, religious persecution, and terrorism. The Pope also prayed for Haiti, calling for an end to violence and progress along the path of peace and reconciliation. He also invoked peace for Myanmar, asking that the country be guided towards reconciliation and hope, especially for its younger generations. Turning to Latin America, he encouraged those with political responsibilities to give space to dialogue for the common good, rather than to ideological and partisan divisions. The Pope also prayed for the restoration of the "ancient friendship" between Thailand and Cambodia, and entrusted to God the peoples of South Asia and Oceania, who have been severely affected by recent natural disasters, calling for renewed commitment to assisting those who suffer.

Popular

Editor's choice
News
Pope on Christmas Day: "Peace is a shared responsibility"

Pope on Christmas Day: "Peace is a shared responsibility"

In his Christmas address on St Peter's Square, Pope Leo XIV renewed his plea for peace, reminding the world that it is both God’s gift and humanity’s shared responsibility. Pope Leo XIV renewed his appeal for peace, dialogue, and responsibility, turning to those regions where violence and instability continue to claim innocent lives. The Pope prayed for “justice, peace, and stability for Lebanon, Palestine, Israel, and Syria,” and urged that the promise of peace rooted in righteousness be renewed. He appealed in a particular way for Ukraine, asking that “the clamor of weapons cease,” and that all those involved, with the support of the international community, find the courage to engage in “sincere, direct, and respectful dialogue.” Remembering conflicts that risk being forgotten, Pope Leo XIV expressed closeness to the victims of war and violence in Sudan, South Sudan, Mali, Burkina Faso, and the Democratic Republic of Congo, as well as to all those who suffer as a result of injustice, political instability, religious persecution, and terrorism. The Pope also prayed for Haiti, calling for an end to violence and progress along the path of peace and reconciliation. He also invoked peace for Myanmar, asking that the country be guided towards reconciliation and hope, especially for its younger generations. Turning to Latin America, he encouraged those with political responsibilities to give space to dialogue for the common good, rather than to ideological and partisan divisions. The Pope also prayed for the restoration of the "ancient friendship" between Thailand and Cambodia, and entrusted to God the peoples of South Asia and Oceania, who have been severely affected by recent natural disasters, calling for renewed commitment to assisting those who suffer.