Pashinyan: free trade agreement between EEU and Iran will be an important direction for development of cooperation
YEREVAN, June 9. /ARKA/. The entry into force of a free trade agreement between the Eurasian Economic Union (EEU) and Iran will become a strong impulse for development of strategic relations, Armenian Prime Minister Nikol Pashinyan said Thursday at an enlarged meeting of the Eurasian Intergovernmental Council.
"The work carried out to conclude a full-fledged agreement made it possible to form a package of arrangements providing for preferential access of the EEU member states' exports to Iran. Such conditions of access to the Iranian market for our exporters can be called exclusive," he said.
Pashinyan expressed his opinion that this year this agreement will be signed with the support of the EEU member states, especially that the Iranian side, in its turn, demonstrates the same attitude.
On January 19h, 2022, the Islamic Republic of Iran and the Eurasian Economic Union (EEU) signed an agreement to establish a free trade zone following the meeting of the delegations of the two sides.
Iran’s Deputy Minister of Industry, Mine and Trade and Head of the Trade Promotion Organisation (TPO) of the Islamic Republic , Alireza Peyman-Pak, said that, as part of the Free Trade Zone agreement, Iran and EEU approved zero tariffs on 90% of goods. The Free Trade Zone agreement will enter into force by the end of September 2023. -0-
