Economy, Domestic Economy

Iran-EEU Free Trade Potential Surveyed

Iran-EEU Free Trade Potential SurveyedIran-EEU Free Trade Potential Surveyed

The possibility of free trade between Iran and members of the Eurasian Economic Union was surveyed in Moscow in a meeting between a delegation from the Trade Promotion Organization of Iran and a high-ranking economic delegation from EEU on Sunday.

The meeting came after the Board of Directors of the Eurasian Economic Commission agreed on May 16 to begin consultations on a temporary agreement on a free trade area with Iran, Interfax reported.

Tehran recently reached an agreement to export pistachio, cauliflower, broccoli, date and different kinds of raisin at zero tariff to EEU member states, namely Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

The Eurasian Economic Union has an integrated single market of over 180 million people and a gross domestic production of over $4 trillion.