December 21, The Iran Project � In the first nine months of 2016, Iran-Britain trade turnover was just equivalent to 1.5 percent of Iran's total trade with 28 European countries in this period.

Data released by�Eurostat, the statistical office of the European Union indicates that despite the implementation of the Joint Comprehensive Plan of Action (JCPOA) �and the removal of international sanctions, Iran-UK trade is still at a low level.

Although business relations between Iran and the European Union boomed after the unilateral sanctions imposed on the country were lifted as part of a looming nuclear deal between Tehran and the five permanent members of UN Security Council plus Germany, bilateral trade between Iran and UK was just �144 million in the first 9 months of this year.

Of course, the figure leaped 19% compared with � 121 million for�the same period�last year, according to the Eurostat report.

According to the report, the United Kingdom exported � 102 million worth of goods to Iran in the first nine months of 2016, a 7% rise compared to a year earlier that the country exported � 95 million to the Islamic Republic.

Britain also imported �42 million worth of goods from Iran from January to September 2106, showing a 61% �rise compared to the same period in 2015.

Iran and the UK officially resumed direct diplomatic ties in February after the two countries severed diplomatic relations in 2011.