EEC, Iran Sign Interim PTA
Economy, Business And Markets

EEC, Iran Sign Interim PTA

An interim agreement on preferential tariffs was signed by Iranian Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh and Minister in charge of Trade of the Eurasian Economic Commission Andrey Slepnev on Wednesday.
“This temporary agreement will mark the beginning of serious negotiations on a trade cooperation agreement between the EEC and Iran,” IRNA quoted the Iranian minister as saying.
Nematzadeh viewed Iran’s relations with all member states of the EEC as strategic and said a solid agreement would not only pave the way for realization of long term objectives, but it will also strengthen ties in all areas, economic and trade ones in particular.
Iran and the EEC will form joint working groups in early January to finalize the PTA which would allow all members of the EEC and Iran to enjoy lower rates of duty on imports from each other than they do on imports from other countries.
Slepnev, for his part, said: “Our main responsibility is to clear all hurdles including restrictive customs barriers and set the stage for the manufacture of competitive products in world markets.”
This agreement will be aimed at further deepening and development of economic connections which would result in establishment of free trade between Iran and the EEC, he said adding that, “We are bent to forge ahead with our ambitious plans.”
The EEC is an economic union of former Soviet republics, which comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. It has an integrated single market of 183 million people and registered a gross domestic product of over $4,000 billion in 2013.

Short URL : http://goo.gl/UNGBnw
  1. http://goo.gl/Y9QJhw
  • http://goo.gl/vniJ8g
  • http://goo.gl/TtY5XU
  • http://goo.gl/bFdT3Q
  • http://goo.gl/Gh1sNQ

You can also read ...

Alcatel’s Android Go Cellphone in the Offing
Two of the phones Alcatel revealed last month will be coming...
NASA Seeks Help to Check Satellites
NASA is asking all cloud gazers to snap photos of the sky and...
Iran has signed a contract with China Railway Group Limited in 2015 to build a 415-km (260-mile) high-speed north-south rail line between Tehran and Isfahan via Qom.
The Economy Ministry sold 2 trillion rials ($41.6 million) of...
Banque Delubac Ready to Service Iranian Businesses
Executives with Banque Delubac and Cie, an independent French...
Trade With Afghanistan Tops $2b
Iran and Afghanistan exchanged 5.32 million tons of non-oil...
$92m Worth of Gov’t Debts to Be Cleared in Swap Deal
The government has decided to clear over 4.45 trillion rials...
Iran-Lithuania Trade Falls 44% in 2017
Trade between Iran and Lithuania stood at more than €11.1...
Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage
With only a day left for the Supreme Labor Council to set the...