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Eurasian Economy and Iran to Sign Free Trade Agreement Soon, says Moscow

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Ziad Najjar
Ziad Najjar is an Egyptian author who studied business and finance in the United States and has a keen interest in media. He combines his expertise in these fields to create informative and engaging works accessible to a broad audience.

Russian Deputy Prime Minister Alexei Overchuk said that Moscow hopes that an agreement on a free trade zone between the Eurasian Economic Union and Iran will be reached before the end of this year.

He added: “We expect the free trade area agreement between the Eurasian Economic Union and Iran to be signed before the end of this year. This is a comprehensive document that will replace the temporary agreement currently in force.”

In early February, Russian Ambassador to Tehran Alexei Dedov said that the creation of a free trade zone between Iran and the Eurasian Economic Union would expand the list of goods on the national market, in particular household appliances.

The ambassador pointed out that negotiations on the agreement are in the final stage, and the parties agreed on most issues, while the issue of mutual market access for certain categories of agricultural products remained unresolved.

The summit of the Supreme Eurasian Economic Council will be held from May 24 to 25 in Moscow under the chairmanship of Putin, and the dates for the second Eurasian Economic Forum will be determined jointly with the meeting of the council.

The Council includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Uzbekistan and Cuba as observers.

Source: News

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