News ID: 188047
Published: 0634 GMT February 20, 2017

Armenia supports creation of FTZ between EEU, Iran

Armenia supports creation of FTZ between EEU, Iran

Armenia actively supports the creation of a free trade zone between the Eurasian Economic Union (EEU) and Iran, said Armenian foreign minister.

Eduard Nalbandian told Sputnik, "At present, there is a possibility of creating a free trade zone between Iran and EEU which, of course, we support actively."

Nalbandian noted great perspectives for attracting Iranian business to the Armenian market and underlined that Yerevan and Tehran continued to improve investment opportunities for bilateral cooperation.

"An important step in this process was visa waiver between our countries which would also deepen bilateral trade and economic relations," Nalbandian said.

On Tuesday, Russia's First Deputy Prime Minister Igor Shuvalov will visit Iran to discuss a free trade zone between Iran and the EEU.

Functioning since 2015, the EEU is a Russia-initiated regional political and economic bloc that aims to streamline the flow of goods and services between its member states: Russia, Armenia, Belarus Kazakhstan and Kyrgyzstan.

In December 2016, the Armenian president said Tehran and the bloc can sign a deal which would pave a way to a full-fledged free trade agreement.

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