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.
At the plenary session of the Senate of Kazakhstan, the deputies adopted a law on ratification of a temporary agreement on the formation of a free trade zone between the countries of the Eurasian Economic Union (EEU) and Iran.
Signing a free trade agreement with the Eurasian Economic Union (EAEU), Iran can have a unique condition for boosting foreign trade and domestic production, said the head of the Islamic Republic of Iran Customs Administration (IRICA).
Signing of the partial agreement on free trade between Iran and the Eurasian Economic Union (EEU) shows that the Iranian economy has entered a new level of regional economic cooperation, said Davood Mirzakhani, the representative of the Iranian energy minister in Iran-Russia Joint Cooperation Commission, said on Monday.
The State Duma (lower house of parliament of Russia) ratified the temporary agreement on the formation of a free trade zone between the Eurasian Economic Union (EEU) and the Islamic Republic of Iran on Thursday.