62796
EEU-Iran Free Trade Talks Ongoing
Economy, Domestic Economy

EEU-Iran Free Trade Talks Ongoing

The Eurasian Economic Union and Iran may sign an agreement on trade and economic relations in a few months, a spokeswoman for the Armenian Ministry of Economic Development and Investment said.
“Negotiations (between EEU and Iran) on trade and economic cooperation are continuing; they have not been suspended,” Anna Ohanyan was also quoted as telling the Armenian news agency ARKA.
“The parties should discuss the agreement in detail. The delaying of the process does not mean abandoning the project; it will simply be implemented a little later,” she added.
The Eurasian Economic Commission’s Board of Directors agreed on May 16 to begin consultations on a temporary agreement on a free trade area with Iran.
“The EEU has begun discussions on having a preferential trade agreement with Iran at the initiative of Armenia,” Armenian deputy minister of foreign affairs, Shavarsh Kocharyan, announced back in November.
“When we felt that the sanctions against Iran might be cancelled, we immediately initiated this process,” he said.
Tehran reached an agreement last year to export pistachio, cauliflower, broccoli, date and different kinds of raisins at zero tariff to EEU member states.
The Eurasian Economic Union is located in northern Eurasia.
A treaty for the establishment of the EEU was signed in May 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on January 1, 2015.
The union has an integrated single market of 183 million people and a gross domestic product of over $4 trillion.
EEU calls for the free movement of goods, capital, services and people, and provides for common transport, agriculture and energy policies, with provisions for a single currency and greater integration in the future.

Short URL : https://goo.gl/CFwuBu
  1. https://goo.gl/k4NcT2
  • https://goo.gl/VUXN41
  • https://goo.gl/Ker8fc
  • https://goo.gl/NkAIzb
  • https://goo.gl/L3EDee

You can also read ...

 TCCIMA Secretary-General Bahman Eshqi speaking in Vienna on Nov.16
Iranian banks are expected to open their first branches in...
Iran has 9,000 online retail stores.
With the ever-growing developments in the World Wide Web,...
Tehran-Accra Expand Agro Coop.
Three memoranda of understanding were signed between Iran’s...
Helping the Quake-Stricken?  Not If They Are Iranians!
Iran is a hotspot of earthquakes and several of them have...
USD at  41,000 Rials
After the US dollar’s recent bull run that pushed the value of...
The first Iran-Luxembourg Forum opened on Wednesday and hosted...
Tesla Roadster Speeds in Front of Electric Truck
Tesla Inc upstaged its own debut of an electric heavy duty...
Imported Flat Steel Buying Thin Over Lower Local Prices
Buying activity in the Iranian flat steel import market was...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus