Iran’s trade with member states of the Eurasian Economic Union rose 16 percent in the first eight months of the current Iranian year ending late November, the head of the Trade Promotion Organization of Iran says.
Tehran – IranView24
Mohammad Ali Dehghan Dehnavi told a meeting on trade with the Eurasian Economic Union on Wednesday that Iran had seen “a notable growth in exports this year,” adding that private traders had used opportunities with the five member states.
Preparations for the agreement with Eurasia were completed on May 15, he said, noting that Iran had previously operated under a free trade agreement framework.
Dehghan Dehnavi also said that under the new agreement, 87 percent of Iran’s trade with Eurasia would be subject to zero tariffs, underscoring significant potential for expanding exchanges.
He added that Iran still has unused export capacity with Eurasia, including a $12 billion trade potential with Russia.
