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TEHRAN (Tasnim) – An Iranian official said an accord between Tehran and the Eurasian Economic Union (EAEU) countries will turn into a free trade agreement within the next two or three years. According to chairman of the Trade Promotion Organization of Iran, Hamid Zadboom, a deal between Iran and the EAEU member states will become […]
According to chairman of the Trade Promotion Organization of Iran, Hamid Zadboom, a deal between Iran and the EAEU member states will become a free trade agreement in two or three years.
In May 2018, Iran signed an agreement with the Eurasian Economic Union members -Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia- in Kazakhstan.
Once the free trade zone comes into force, the EAEU will grant Iran tariff concessions on hundreds of items.
Russia’s State Duma and the Federation Council ratified the agreement to establish Iran-EAEU free trade zone in November 2018.
Elsewhere in his remarks, Zadboom said 862 goods will be subject to the free trade agreement in the first stage.
The value of annual trade between the EAEU states and the world amounts to $866 billion, the Iranian official noted, adding that the EAEU imports are worth more than $400 billion per annum.
He highlighted the role of Iran’s private sectors in the free trade agreement, saying they could enter into joint investment with the EAEU members.
The Eurasian Economic Union and Iran started to develop the agreement on the free trade in 2015, though the signing was postponed several times.
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The Director General of the International Atomic Energy Agency (IAEA) has urged increased cooperation of Iran with the agency, despite the country’s full commitment to the issue.
Iraj Elahi, the ambassador of Iran to India, has said that Iranian President Ebrahim Raisi will pay a visit to India later this year.
The loading and unloading of goods in the ports of Iran increased by four percent in the previous Iranian calendar year 1402 (ended on March 19), as compared to the same period in a year earlier, the data released by the country’s Transport and Urban Development Ministry showed
You might be quick to peel away the skins of your favorite fruits and vegetables to get to that delicious, juicy flesh inside. But that cast-aside outer layer is a treasure trove of nutrients, vitamins, and fiber and adds some delightful texture and depth of flavor to meals
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