Young Journalists Club | Latest news of Iran and world

News ID: 5811
Iran » Iran
Publish Date: 13:27 - 22 December 2014
Tehran, YJC. The total value of trade between Iran and Britain has grown by 36 percent this year, a Eurostat report says.

According to the Eurostat, the overall value of commercial transactions between Iran and Britain reached over 133 million Euros in the period between January and October, this shows a 36 percent rise compared to the same period the previous year.

Britain exported 99.5 million Euros worth of mercantile to Iran in the 10-month period while its exports to the country in the same period in the previous year stood at 71.4 million Euros.

British imports from Iran also show a 28-percent growth, hitting 33.8 million Euros, the recently-released report said.

Tehran-London relations grew dark three years ago. On November 27, 2011, a large majority of Iranian lawmakers voted to downgrade diplomatic relations with Britain, as a response to Britain's decision to impose banking sanctions on the Central Bank of Iran.

Later on, a group of angry Iranian students stormed the British embassy downtown Tehran and took the British flag down.

Following the student attack, Britain withdrew its diplomatic staff from Iran on November 30 and demanded that Iran’s diplomatic delegation in London leave within 48 hours.

Iran and Britain agreed in over one year ago to appoint non-resident chargé d’affaires as a first step toward reopening their respective embassies.

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