ECONOMY   Customs  

EAEU Opting for Promotion of Economic Ties with Iran

Chairman of the Board of Eurasian Economic Commission Mikhail Myasnikovich in a meeting with Iran’s Parliament Speaker Mohammad Baqer Qalibaf in Moscow on Tuesday said the Eurasian member states attach high importance to their relations with Iran, especially in economic fields.

A new chapter is opened in the relations between Eurasian Economic Union (EAEU) and Iran," Myasnikovich said.

“The EAEU has gained global fame six years after its formation and its members are seeking to expand cooperation with Iran,” the EEC chairman added.

 “New approaches are needed, especially in a financial settlement, and we want Iranian traders to have access to domestic currencies in a bid to ease commerce,” he noted.

Myasnikovich stressed that the EAEU wants Iran to have “a special view on cooperation with Eurasia.” 

Qalibaf, for his part, expressed Iran’s satisfaction at cooperation with the EAEU, saying, "Every vital issue may have challenges, and this sensitivity requires us to provide a roadmap to eliminate barriers in our trade.”

He said Iran, Russia and some other countries are currently facing two major challenges, namely the coronavirus and sanctions, but vowed that the Iranian parliament will do every effort to provide the necessary laws to facilitate cooperation.

In relevant remarks on Januray 31, Head of Trade Promotion Organization of Iran (TPOI) Hamid Zadboum said that Iran and EAEU enjoy high capacities to promote bilateral trade by $20 billion.

“The talks on Free Trade Agreement (FTA) with EAEU is the first step for $20 billion trade, so that the two sides will start negotiating Preferential Trade Agreement (PTA) next month,” Zadboum said.

“If our capacities in knowledge-based, industrial and agricultural products are added to the existing volume in trade exchanges with EAEU, the capacity of volume of bilateral trade exchanges between the two sides will hit $20 billion,” he said, adding, “The current volume of trade exchanges between EAEU’s member states including Russia, Belarus, Armenia, Kyrgyzstan and Kazakhstan and Islamic Republic of Iran is $850 million.”

He noted that if PTA between Iran and EAEU’s member states is implemented from October 26, 2019 to October 26, 2020, the volume of bilateral trade exchanges will hit $2.5 billion, adding that necessary talks began between the two sides for receiving license on FTA on October 26, 2020.

PTA which set the ground to Free Trade Talks between Iran and EAEU includes 862 goods, 360 of which belong to Iran in its trade with the Union.

News No: 10166
Date: 2021/02/12 - 21:53
News Source: Fars News

Mohammad Baqer Qalibaf  Mikhail Myasnikovich  Eurasian Economic Union  EAEU 


Leave a Comment:


Commodities worth $518m exported from Gilan Province

An official with the customs department of Gilan Province, in the north of Iran, said that 877,393 tons of commodities valued at $518.7 million have been exported from the province during the first ten months of the current Iranian calendar year (March 20, 2020-January 19, 2021).

Trade co-op discussed between Iran, Armenia

Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafeie met with Armenian Economy Minister Vahan Kerobyan on Monday to discuss ways of removing barriers to the expansion of economic cooperation.

Expansion of energy co-op discussed between Iran, Belarus

Iran and Belarus discussed the ways for the expansion of bilateral cooperation in the field of energy in a meeting between Iranian Ambassador to Belarus Saeed Yari and Energy Minister of Belarus Viktor Karankevich in Minsk on Wednesday.

India to save 20% logistic cost in supplies to CIS countries via Chabahar

By developing strategic Chabahar Port in Iran, Indian will reduce logistics cost by 20 percent in container transport to CIS countries, bypassing China or Europe, Indian Minister of State for Shipping Mansukh Lal Mandaviya stated.

Iran’s Exports to EAEU Countries More than Doubled in 11 Months

The volume of trade between Iran and the Eurasian Economic Union (EAEU) countries has witnessed a significant jump in the past 11 months from late March 2019 till late February 2020, which shows that Tehran is finding new ways to counter the US unilateral sanctions.

Iran’s export to EAEU climbs 72% in 10 months

The value of Iran’s exports to the Eurasian Economic Union (EAEU)’s member states rose 72 percent during the first ten months of the current Iranian calendar year (March 21-December 21, 2019) compared to the same period of time in the past year, the spokesman of Islamic Republic of Iran Customs Administration (IRICA) announced.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners