Iran-EEU FTA Draft at Final Stage

In a meeting between Iran’s representatives from the Iran-Kazakhstan Chamber of Commerce and the Trade Promotion Organization of Iran, it was announced that 80% of the Free Trade Agreement between Iran and the Eurasian Economic Union have been drafted and the rest will be finalized in the next meeting of the two sides.
According to the news portal of Iran Chamber of Commerce, Industries, Mines and Agriculture, after the draft is complete, negotiations will begin to determine the commodities each side wants to be included in the FTA.
It is estimated that the procedure leading to the signing of the agreement, including negotiations, reaching consensus and the ratification of the FTA draft in the parliaments of the countries involved, will take at least two years.
In the interim period, the current preferential trade agreement will be renewed and extended.