News ID: 264461
Published: 0355 GMT January 17, 2020

TPO head: Value of nine-month exports to EAEU members up 48%

TPO head: Value of nine-month exports to EAEU members up 48%

Iran exported products worth $656 million to the Eurasian countries during March 19-December 21, 2019, indicating a 48-percent growth year-on-year, said the head of the Trade Promotion Organization (TPO) of Iran.

Commenting on the free trade agreement signed between Iran and the Eurasian Economic Union (EAEU) members in May 2018, Hamid Zadboom told IRNA that the contract had gone into effect since October 27, 2019.

He noted that since, at present, figures pertaining to the nine-month trade with the EAEU members are available, an analysis of the statistics about transactions between Iran and the Eurasian countries during the past 90 days – after the signing of the agreement – would not be a fair one.

Basically, an analysis of trade data pertaining to a period less than a year would fail to reflect the realities appropriately, the TPO head said.

He added that Iran’s exports to the Eurasian countries in the same nine-month period also indicated a 94-percent rise, weight-wise, year-on-year.

Zadboom said, “I do not claim that the growth has definitely been the outcome of the agreement. However, the contract has had its impact on trade with the EAEU. The rise in the value of Iran’s overseas sales to the EAEU members in this period was more significant than the increase in the country’s exports to other states, such as those of the Association of Southeast Asian Nations (ASEAN) and the European Union (EU).”

Describing as appropriate the cooperation between Iran and the Eurasian countries, Zadboom added, “We have the best relations with the parties to the [May 2018] free trade agreement, particularly Armenia. In addition, we have called on Russia, which plays a significant role in the EAEU, to help boost trade between Iran and the union by facilitating banking and financial transactions and processes.”


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