November 28, 2018 17:44

Iran's Non-Oil Trade With EEU Rises 52% to $1.1b in 7 Months

Iran’s exports to EEU during the March 21-Oct. 22 period stood at $325 million, indicating a 16.93% rise while imports amounted to $807 million, up 72.98% year-on-year

Russia's State Duma recently endorsed an agreement for the establishment of a free trade zone between Iran and the Eurasian Economic Union.
In a November 15 open session, a majority of State Duma members approved the agreement for the establishment of a free trade zone, which was signed in Kazakhstan's capital city of Astana on May 17.
The deal is expected to substantially increase trade between Iran and EEU.
Iran’s non-oil commercial exchanges with the five member states of EEU totaled 1.94 million tons worth $1.13 billion during the first seven months of the current Iranian year (March 21-Oct. 22) to register a 36.98% and 52.05% growth in tonnage and value respectively compared with last year’s corresponding period,

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Iran and Eurasian Economic Union Relations