Domestic Economy
0

Transactions With Eurasian Economic Union at $2.1b Since PTA Came Into Effect

Trade under the preferential trade agreement accounted for around 53% of the total sum
Transactions With Eurasian Economic Union at $2.1b Since PTA Came Into Effect
Transactions With Eurasian Economic Union at $2.1b Since PTA Came Into Effect

Iran and the Eurasian Economic Union have traded $2.11 billion worth of goods since Oct. 27, 2019, when the preferential trade agreement between the two sides came into effect, according to the spokesman of the Islamic Republic of Iran Customs Administration.
“Trade under the preferential trade agreement accounted for around 53% of the total sum," Rouhollah Latifi was quoted as saying by IRNA on Monday.
“Iran’s total exports to the bloc reached over $584 million, accounting for 27.67% of the total trade value. Imports from the five EEU member states hit $1.52 billion, which account for 72.32% of Iran-EEU’s trade value over the period.” 
Latifi noted that 53%, 23% and 16% of Iran’s exports went to Russia, Armenia and Kazakhstan respectively, which made them the country’s biggest export destinations from among the five EEU member states. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com