EU exports to Iran rising: Eurostat

The pick-up comes after three years in which annual EU exports slipped from 12.99 billion euros in 2005 to 10.10 billion euros last year.

EU exports to Iran rising: Eurostat

European Union exports to Iran are on the rise again after a three-year decline, figures from the EU's statistics office Eurostat show.

Exports from the 27-nation bloc to the Islamic Republic rose to 4.47 billion euros ($6.93 billion) in the first five months of this year, up 17.8 percent compared with the same period in 2007, even as tension with Iran on the nuclear issue mounted.

The main increases were in exports of vehicles, machinery and other manufactured goods with Germany, Italy and France registering the largest increases. But sales from Britain, Belgium and the Netherlands fell.

The pick-up comes after three years in which annual EU exports slipped from 12.99 billion euros in 2005 to 10.10 billion euros last year.

An EU official said the figures appeared to highlight Iran's ability to use oil revenues swollen by soaring world oil prices to buy goods with cash, despite a clampdown on export credit guarantees by European governments.

Reuters

Last Mod: 07 Ağustos 2008, 17:08
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