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.
Iran’s preferential trade agreement with the Eurasian Economic Union (EEU) showed a significant impact on the country’s trade relations with Armenia, said head of Iran-Armenia Joint Chamber of Commerce and Industry.
The exports of some highly-demanded goods to Eurasia was facilitated after the implementation of a preferential trade deal with Iran, said the head of the Export Promotion Committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), adding that the volume of trade is rising for these items.
Iranian Energy Minister Reza Ardakanian highlighted the importance of Tehran’s closer cooperation with the Eurasian Economic Union (EEU), and said the union provides a big opportunity to boost the Islamic Republic’s foreign trade.
Deputy Foreign Minister of Armenia Shavarsh Kocharyan said Armenia played a great and serious role in the signing process of the free trade agreement between the Eurasian Economic Union (EEU) and Iran.
The 280-million-population market of the Eurasian Economic Union (EEU) with an $800 billion worth economic capacity is full of opportunities for Iran, said Managing Director of Aras Free Trade Zone Mohsen Nariman on Sunday, adding that his country’s annual trade with the union is expected to reach $15 billion.
Iranian Minister of Energy Reza Ardakanian said Iran’s admission into the Eurasian Economic Union (EEU) is a great opportunity for the country as well as the development of peace and friendship in the region.
The interim free trade agreement between the Eurasian Economic Union (EEU) and Iran will come into force on 27 October, Veronika Nikishina, a member of the ministerial board of the Eurasian Economic Commission (EEC), said in a press conference in Moscow, BelTA reported.
Iranian Minister of Energy Reza Ardakanian is to hold talks with Russian Energy Minister Alexander Novak in Moscow on Monday to discuss the latest developments of bilateral projects and agreements reached at the 15th joint economic cooperation commission of Iran and the Russian Federation.