France’s import from Iran skyrockets in 2016

France’s imports from Iran in the first nine months of 2016 show a staggering 34-fold rise compared to the corresponding period last year, thanks to resumption of oil imports after coming into force of the Joint Comprehensive Plan of Action (JCPOA).

According to Tasnim news agency quoting the figures from EU's statistical office Eurostat, Iran-France trade has tripled since implementation in January of the JCPOA, a nuclear agreement between Tehran and the 5+1 group (Russia, China, the US, Britain, France and Germany),.

Iran has experienced a positive balance of €383 million in trade with France during the nine-month period, after resumption of crude exports to Europe’s biggest purchaser of Iranian oil.

France’s imports from Iran in January-September 2016 stood at €842 million, more than 34 times greater than the same period in 2015.

The European country’s imports from Iran averaged €34.4 million from 2014 until 2016, and reached €229 million in August 2016.

ME