A national forum entitled “Eurasia, a Bridge Toward Free Global Trade” is scheduled to be held in Tehran on June 25 by the Trade Training Center affiliated with the Ministry of Industries, Mining and Trade.
The event is to focus on identifying trade and investment opportunities with EEU member states, namely Russia, Armenia, Kazakhstan, Kyrgyzstan and Belarus.
It will be held in collaboration with the Trade Promotion Organization of Iran, Iranian commercial attaches, joint chambers of commerce of Iran and the five EEU member states, in addition to the heads of the departments administrating interactions with these countries in the Ministry of Industries, Mining and Trade.
Businesspeople and organizations willing to take part in this event may call 021-88227851 for more information.
Iran and the Eurasian Economic Union are looking to substantially increase trade after they signed a three-year provisional agreement in Astana, Kazakhstan, on May 17, 2018, for the bloc to welcome Iran into EEU trade regime.
The preferential trade agreement came into effect on Oct. 27, as of which the two sides have three years to upgrade the treaty into a full-fledged free trade deal. The PTA lowers or abolishes customs duties.
The average tariff set by the Eurasian Economic Union for Iranian goods as part of their preferential trade agreement stands at 3.1%, while Iran’s average tariff for commodities from EEU amounts to 12.9%, according to the Iran Chamber of Commerce, Industries, Mines and Agricultures.
Iran and EEU have a total of 862 types of commodities listed on their three-year provisional agreement. As per the deal, Iran will enjoy easier export terms and lower customs duties on 502 items and the same goes for 360 items from EEU member states.
