Iran, Eurasian Economic Union Hold Free Trade Talks

Iran and the Eurasian Economic Union held their first round of negotiations on upgrading their preferential trade agreement to a free trade deal in Tehran on July 19. 
According to Hamid Zadboum, the head of Trade Promotion Organization of Iran, the two sides have agreed upon most terms related to the outlines of the free trade agreement, TPO’s news portal reported.
Noting that three more meetings have been scheduled by the end of 2021, the official said the next meeting will be held by Sept. 22, before which heads of negotiating teams will hold specialized meetings until an agreement is reached.
“As per the free trade agreement, the partner countries will gradually remove tariffs and duties on most imports and exports in the near future to expand business opportunities. One and a half years into the preferential trade agreement between EEU and Iran, economic exchanges have increased significantly despite the outbreak of Covid-19,” he added.