Iran (IMNA) - The EAEU and the Islamic Republic are set to sign a free trade agreement (FTA) in St. Petersburg on December 25, marking the most crucial cooperation document between the EAEU and Iran, according to Slepnev. He emphasized that by signing the FTA, Iran will become one of the important partners of the Eurasian Economic Community. In response, Jalali highlighted that the pact signifies the result of extensive negotiations and the mutual desire to enhance bilateral relations.
Iran-EAEU Free Trade Agreement Eliminates Customs Tariffs for 96% of Goods between Iran and EAEU Countries
In an announcement to IRNA, the Iranian ambassador confirmed that the Iran-EAEU free trade agreement will facilitate the export of approximately 96 percent of Iranian goods to Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia, while also removing customs tariffs. The ambassador emphasized that this significant trade pact is contingent on its approval by the parliaments of all six countries involved. This agreement marks a major milestone in strengthening economic ties between Iran and the Eurasian Economic Union (EAEU).
In a recent statement, Yury Ushakov, Russian presidential aide, emphasized the significance of the Eurasian Economic Community (EAEU) in fostering economic relations between Iran and the EAEU countries. The EAEU, comprised of Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia, functions as a regional trade organization aimed at facilitating the free movement of goods, persons, services, and capital in alignment with the EAEU Treaty. Ushakov highlighted the importance of the deal for the bilateral ties between Iran and the EAEU countries. This development signifies a notable step towards enhancing economic cooperation in the region.
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