Minister for Trade of the Eurasian Economic Commission Veronika Nikishina said that Eurasian countries are interested in doing trade and business with the Islamic Republic of Iran.
“We were interested in interacting with Iran even before the Preferential Trade Agreement (PTA) had not been implemented between Iran and Eurasian Economic Union (EAEU),” Nikishina said on Sunday, addressing Iran-EAEU Forum.
She pointed to the PTA signed between Iran and the EAEU, and said, “Constructive talks have been made between officials of the two sides for broadening bilateral relations.”
Minister for Trade of the Eurasian Economic Commission Veronika Nikishina said that free trade between Iran and EAEU can be accessed within the next three years.
In December 2018, Iran and the Eurasian Economic Union finalized a temporary agreement previously reached on the formation of a free trade zone. The deal’s main advantage is a reduction in import duties and the establishment of a transparent trade environment.
Nooshin Rahgozar, the commercial attaché of the Belgian embassy in Tehran, says that Pars Special Economic Energy Zone (PSEEZ) enjoys some high potential for investment making, Shana reported.
In a recent telephone conversation, Iran’s Finance and Economic Affairs Minister Farhad Dejpasand and Azerbaijan’s Deputy Prime Minister Shahin Mustafayev have explored the ways for the expansion of bilateral economic relation between the two countries amid the coronavirus outbreak, Mehr news agency reported on Monday.
The World Bank has predicted that Iran’s gross domestic product (GDP) will increase by 2.1 percent in 2021 after experiencing a 5.3 percent fall in the current year due to the negative impacts of the coronavirus outbreak.
Iran’s Minister of Transport and Urban Development Mohammad Eslami inaugurated a new border bridge between Iran and Turkmenistan in Sarakhs northeast Iran via video conference on Monday, ILNA reported.
US gross domestic product (GDP) will not reach its pre-pandemic levels until well into 2022 following a sharp contraction this year, economists with major US banks said today.
Iranian Finance and Economic Affairs Minister Farhad Dejpasand said 10 quadrillion rials (over $238 billion) is needed to reach a desirable economic growth, IRNA reported.