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Iran’s trade with Europe hits $8.8b in 7 months

International Desk || shiningbd

Published: 11:32, 17 November 2020  
Iran’s trade with Europe hits $8.8b in 7 months

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The value of bilateral trade between Iran and the European countries reached 8.8 billion US dollars from March 20 to Oct. 21, Ruhollah Latifi, spokesperson for Iran's Customs Office announced on Saturday.

During the period, over 15.9 million tonnes of commodities were exchanged between the two sides, Latifi was quoted as saying by Tasnim news agency.

Iran exported 5.6 million tonnes of goods to the European countries in the 7-month period, worth 2.066 billion dollars, reports Xinhua.

Europe's trade with Iran has been subject to restrictions derived from US.unilateral sanction on Iran.

Iran has called for the promotion of economic ties with European countries, stressing that bilateral trade should not be affected by the "illegal" US sanctions.