News ID: 262498
Published: 0404 GMT December 04, 2019

Iran, Belarus sign trade facilitation agreement

Iran, Belarus sign trade facilitation agreement

An intergovernmental trade facilitation agreement was signed by the chairman of Belarus’ State Customs Committee, Yuri Senko, and the head of the Islamic Republic of Iran Customs Administration, Mehdi Mirashrafi.

BelTA reported that the document was approved during the session of the Policy Commission of the World Customs Organization in Seoul, South Korea.

The agreement was signed in line with the implementation of the free trade agreement between Iran and Eurasia, said the spokesman for the Islamic Republic of Iran Customs Administration, Ruhollah Latifi, adding that it is aimed for improving the level of cooperation between the two countries and protect the economic and social interests of both sides.

In the mentioned agreement, several important factors including identifying the two sides’ needs, increasing efficiency, customs control of goods and vehicles in transit between the two countries have been emphasized.

Belarus has been among Iran’s trade partners and the country played a significant role in reaching the trade agreement between Iran and the Eurasian Economic Union (EEU).

In late November 2018, Russia’s President Vladimir Putin endorsed a much-awaited agreement for the establishment of a free trade zone between Iran and the Eurasian Economic Union, thus facilitating the process for the Islamic Republic to join the Moscow-led regional economic block.

The deal was finalized by Iran’s Ambassador to Russia Mehdi Sanaei and chief of the Eurasian Economic Commission (EEC), Tigran Sarkisyan, in a meeting in Moscow in late August and it officially came into force on October 27.

The EEU is comprised of Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. It is an international organization created with the aim of encouraging regional economic integration through the free movement of goods, services and people within the union.

 

   
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