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Armenian government approved a proposal to sign an agreement on economic partnership between the EAEU and the UAE
... mainly concerns tobacco products and their substitutes, copper ore, alcoholic beverages, chocolate containing alcohol and juices. Tobacco and alcoholic beverages are systemic exceptions on the part of the UAE, the import of which is prohibited in all free trade agreements to which the UAE is a party. As of 2023, out of 270 types of goods exported from Armenia to the UAE, a preferential access regime will be established for 217 after the agreement comes into force. As a result, while maintaining export ...
06/26/2025EAEU is 11 years old: A History of Success – Ambassador of the Russian Federation to the Republic of Armenia S.P. Kopyrkin on EAEU Day
... large-scale project, the Eurasian Agroexpress, is being implemented, the geography of which covers Iran, Turkmenistan, the UAE, and India. Statistical data clearly show that participation in the EAEU significantly strengthens the economy of each member state.... ... global economic cooperation. The Union does not seek to create a closed circuit, actively developing external relations. By 2025, free trade agreements were signed with Vietnam, Iran, Serbia and Singapore, two non-preferential agreements were concluded with ...
05/29/2025Armenian FM announces focus on mutually beneficial partnership with Russia
... joint platforms. Relations between Armenia and Russia also cover interaction on the platforms of multilateral and international associations," Mirzoyan said. In this context, he noted trade and economic cooperation within the EAEU, as well as the Free Trade Agreement between the Union and Iran, which entered into force on May 15, which will certainly contribute to the further implementation of the foreign trade potential of the Union countries. "As for the promotion of the positive agenda ...
05/21/2025Russian Foreign Ministry: Sergey Lavrov's visit to Armenia being worked out
... "answer the second part of your question" later. Earlier, Zakharova stated that he promotion of the economic agenda between Russia and Armenia was becoming increasingly important in the EAEU format in connection with the recent ratification of the Free Trade Agreement with Iran. -0-
05/15/2025Processing vs. raw materials: Economist explains benefits of EAEU market for Armenia
... increasing its exports to the EU over the past decade. In fact, we’re seeing a gradual decline in exports to both the EU and Switzerland," he added. Regarding the EAEU market, the expert said the situation is quite different, explaining that a free trade zone has been in place since 2012, and Armenia has benefited from it since 2014. As a result, Armenia's economy has grown by an additional 1.5 percentage points annually. "This is a significant result it's estimated that about 20% of Armenia’s ...
04/14/2025Armenia's withdrawal from EEU at the stage of negotiations on joining the EU will cost 30-40% of its GDP – Shoigu
...," he explained. In addition, Shoigu said, Armenia will be obliged to impose customs duties on goods imported from Russia and other EEU countries and, accordingly, cancel duties on goods from EU countries. "Naturally, the customs union and free trade with the EEU countries will be out of the question. It will also have to leave the CIS free trade zone," he added. Armenia's trade turnover with the EEU countries amounted to 12.7 billion US dollars in 2024, while with the EU countries ...
03/20/2025Negotiations on agreement on EAEU free trade zone with UAE completed
Negotiations on an agreement on creation of a free trade zone between the Eurasian Economic Union (EAEU) and the United Arab Emirates (UAE) have been completed, Trade Minister of the Eurasian Economic Commission Andrey Slepnev said at an international forum held within the framework of the Russian ...
02/14/2025Armenian MFA on cooperation with EU and EAEU: Leveraging every opportunity for progress
... member of the Eurasian Union would prevent any prospects for an agreement with the EU. However, we were able to secure a lighter version of the association agreement," Hovhannisyan said in an interview with Armenpress. He pointed out that while the free trade aspect suffered, 75% of the provisions in all sectors of cooperation aligned with European directives and standards were preserved, and the chapters on politics and human rights were almost entirely retained. The agreement was signed and came ...
02/04/2025Iran ratifies free trade agreement with EAEU
Members of the Majlis (Iranian Parliament) have agreed on the general provisions of the bill for a free trade agreement between Iran and the Eurasian Economic Union (EAEU) and its member states, Iranian news agency IRNA reported. YEREVAN, December 24. /ARKA/. Members of the Majlis (Iranian Parliament) have agreed on the general provisions of the ...
12/24/2024ADB explores special economic zone in Gyumri
... previously stated in an exclusive interview with ‘’ARKA’’ news agency, discussions are underway to help Gyumri benefit as much as possible from the potential opening of borders. "We are exploring ways to support the construction of a ‘’Free Trade Zone’’ and the implementation of the ‘’Dry Port’’ concept. This is crucial because Gyumri has significant geographical advantages – the city can connect Armenia with both Turkey and Georgia and is located in an area some have ...
11/15/2024Armenia finalises its part of work on draft free trade agreement between UAE and EEU – minister
Armenia has completed its part of work on a draft free trade agreement between the United Arab Emirates (UAE) and the Eurasian Economic Union (EEU) , Economy Minister Gevorg Papoyan said at a meeting of the parliamentary committee on regional and Eurasian integration on Friday. YEREVAN,...
10/25/2024Iranian market will open for main part of Armenian exports: minister
As part of the Free Trade Agreement between Iran and Eurasian Economic Union (EEU) member states, the Iranian market will open for a substantial portion of Armenian exports, Economy Minister Gevorg Papoyan said today. YEREVAN, 25 October. /ARKA/....
10/25/2024Armenia serves as a natural bridge to the EAEU market for Iran - Armenian ambassador
... bilateral economic cooperation between Armenia and Iran is also an important catalyst for multilateral cooperation," emphasized Avakyan, in an interview with the Iranian news agency "ISNA ". "Our government welcomes both the signing of a free trade agreement between the member states of the Eurasian Economic Union and Iran in 2023, as well as Iran's high-level participation in the Eurasian Economic Forum held in Yerevan from September 30 to October 1," the ambassador noted. It was ...
10/21/2024Armenia proposes to revise EAEU trade agreements with third countries to increase trade turnover
‘’Armenian side attaches primary importance to negotiations on concluding free trade agreements with third countries that are committed to mutually beneficial cooperation,’’ stated Armenian Prime Minister Nikol Pashinyan. YEREVAN, October 1 /ARKA/. ‘’Armenian side attaches primary importance to negotiations on concluding ...
10/01/2024Foreign trade turnover of $700 million with Iran doesn’t suit Armenia: the goal is $1 billion - Papoyan
... Important sectors such as agriculture, industrial products and the food industry already play a significant part in our trade," said Papoyan at the Third Eurasian Forum in Yerevan. The Minister noted that an important event was the signing of a free trade agreement between Iran and the EAEU, which opens up opportunities for Armenia to expand the export of a number of products. "This is a very ambitious goal, but we are striving for it, and to achieve it we need to expand the range of goods ...
09/30/2024Landlocked Armenia must make the best use of human resources - ADB head in Armenia (exclusive)
... education, but also to bring in their goods and sell them. The second direction we are discussing is to assist Gyumri so that the city can benefit as much as possible from the likely opening of the borders. We are exploring helping the construction of a Free Trade Zone and the realisation of a Dry Port. This is very important because Gyumri has important geographical advantages - the city can link Armenia with both Turkey and Georgia and is positioned along what some call the ‘Middle Corridor’. In ...
08/01/2024Small states better to be EU members for the sake of fast growth - Head of NA Commission on European Integration
... operation, but an operation consisting of many lines with many separate steps. Yeghoyan recalled that the commission has been working as a permanent parliamentary body since 2007. "In 2007, there was no talk of EU membership, association agreement or free trade... Remember 2007, where Armenia was on the geopolitical map then, and look where it is now," Yeghoyan said. He expressed hope that based on the results of the discussion at the expert level, the tasks to be solved will be formulated in ...
06/21/2024Armenian government approves ratification of free trade agreement between EAEU and Iran
The Armenian government at a session on Friday approved ratification of a free trade agreement between the member states of the Eurasian Economic Union (EAEU) and Iran, signed on 25 December 2023 in St. Petersburg. YEREVAN, 14 June. /ARKA/. The Armenian government at a session on Friday approved ratification of a free ...
06/14/2024Russian Deputy Prime Minister expects Iran-EEU FTA to become operational in 2025
Russia expects the free trade area (FTA) agreement between Iran and the Eurasian Economic Union (EEU) to become operational in 2025, Russian Deputy Prime Minister Alexei Overchuk said in an interview with Russia-24 TV channel on the margins of the St. Petersburg International ...
06/07/2024Russian State Duma ratifies CIS agreement on free trade in services
The Russian State Duma (lower chamber of parliament) ratified the agreement on free trade in services and investments in CIS countries. YEREVAN, May 29. /ARKA/. The Russian State Duma (lower chamber of parliament) ratified the agreement on free trade in services and investments in CIS countries. The document was signed in Sochi ...
05/29/2024Armenia to join EAEU agreement on unified system of determination of origin of goods
... agreement, signed on December 4, 2023 in Moscow, establishes unified principles for determining the origin of goods. “This will significantly facilitate trade, as goods from the EAEU member states, as well as from countries that have or are planning free trade agreements with the EAEU, will undergo minimal inspections and enjoy favorable trade regimes,” said the government. Also, the unified system will simplify the procedure for processing documents for goods that were produced as part of joint ...
05/02/2024Moscowargues that its military base in Gyumri is the only guarantee of Armenia's sovereignty
... view to enhancing relations. An updated CEPA should be used to build up Armenian resilience and lessen its dependence on Russia, notably in the spheres of security, energy, and trade. The annexes should be upgraded and enhanced, including providing free trade in certain service sectors, such as IT About the 102nd Russian military base In 2010, the term of the base's stay, defined by a bilateral interstate treaty of 1995, was extended until 2044. -0-
03/29/2024Armenian Prime Minister welcomes signing of free trade agreement between EEU and Iran
Armenian Prime Minister Nikol Pashinyan welcomed Monday the signing of the free trade agreement with Iran on the sidelines of an EEU meeting in Russian St. Petersburg saying it will contribute to the strengthening of trade-economic, logistic and transport ties with Iran and will provide an opportunity to create a solid contractual ...
12/26/2023EEU leaders adopt development declaration until 2045
... saying that ‘this new document of program nature provides for specific measures to intensify joint efforts in key sectors, as well as identifies additional areas of cooperation, such as the climate agenda, medicine, tourism and some others." A free trade agreement between the EEU and Iran was signed on the sidelines of the meeting. The EEU comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. Kremlin spokesman Dmitry Peskov told reporters that Russian President Vladimir Putin and Armenian ...
12/26/2023EEU and Iran sign full-fledged free trade agreement
Five former Soviet republics- Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia- which are members of the Eurasian Economic Union (EEU) have signed today a free trade agreement with the Islamic Republic of Iran. YEREVAN, December 25. /ARKA/. Five former Soviet republics- Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia- which are members of the Eurasian Economic Union (EEU) have signed today a free ...
12/25/2023Armenian government approves free trade agreement between EEU and Iran
The Armenian government approved today an agreement on free trade between the Eurasian Economic Union (EEU) and the Islamic Republic of Iran (IRI). YEREVAN, December 14. /ARKA/. The Armenian government approved today an agreement on free trade between the Eurasian Economic Union (EEU) and the Islamic ...
12/14/2023Armenia to allow duty-free import of cognac and cheese from Serbia
... will allow duty-free imports of cognac and cheese from Serbia within the framework of the quota provided by the Eurasian Economic Union (EEU). The relevant decision was approved at the session of the government on Thursday. The decision is based on the free trade agreement between the EEU and Serbia. In particular, the quota for cheese imports is set at 3 tons, and at 5,450 liters for cognac. --0--
12/07/2023Armenia can become a bridge between Iran, India and EEU countries - Armenian Deputy Foreign Minister
... bridge between Iran, India and the EEU member states (which comprises also Russia, Belarus, Kazakhstan and Kyrgyzstan), Armenian Deputy Foreign Minister Mnatsakan Safaryan said today, speaking at the Crossroads of Peace conference. "Since Iran has a free trade zone agreement with the EEU and India is in the process of negotiating a similar agreement , Armenia as a member of the EEU can become a bridge between Iran, India and the EEU states," he said. Safaryan stressed Armenian government’s commitment to the development of partnership ...
12/05/2023Armenia and Iran to eliminate road tolls; North-South highway will raise Armenia's GDP by 0.4%: minister
... the Persian Gulf and other Middle Eastern countries. It will also allow for the diversification of export routes, including to India, China and Indonesia, which are also interested in the smooth operation of transit roads. "Last week I had a series ... ... highway will further strengthen and expand cooperation between Iran and the EEU member countries, especially as the signing of a free trade agreement between EEU and Iran is in its final stage. For his part, Iranian Deputy Foreign Minister Mehdi Safari noted ...
10/24/2023Russia and Iran agree to zero customs duties by March 2024
... operators in the field of customs, tariffs and competitive market will be solved by the end March 2024," he said, TASS reported citing IRNA. He explained that the solution to such problems is "settlements in national currencies, as well as free trade and opening Iran's customs borders with Russia, Armenia and Belarus." Merkazemi also noted that the infrastructure for the realization of the free trade agreement is being built "at a rapid pace" due to the high level of understanding ...
10/23/2023Armenia and UAE to sign memorandum to expand access of Armenian goods to Emirati market
... Armenian goods through Iran to the Persian Gulf countries more accessible and easier. "Our goal is to try to make trade more smooth and prosperous by simplifying and improving logistical ties," he noted. Kerobyan emphasized that an agreement on free trade in services and investments, which constitute a significant part of trade with the UAE, will also be signed in the near future. Last year, the Armenian-Emirati trade turnover exceeded $1 billion, which made the UAE Armenia's third largest trade ...
09/18/2023About 300 companies with Iranian capital opened in Armenia in the first half of 2023 – minister
... to look for new opportunities to bring the bilateral trade turnover up to $3 billion,’ Kerobyan said. The minister reminded that today the annual trade turnover between the countries is about $800 million. "Cooperation within the framework of free trade zones will give new strength to bilateral trade turnover," he noted. According to Armenia’s National Statistical Committee, Iranian investments in Armenia in January-March 2023 amounted to 108.8 million drams against 449 million drams ...
08/25/2023Armenia to benefit from free trade agreement between EEU and Iran - Kerobyan
Armenia is interested in signing of a free trade agreement between the Eurasian Economic Union (EEU) and Iran, Armenian Minister of Economy Vahan Kerobyan told reporters today. YEREVAN, August 25. /ARKA/. Armenia is interested in signing of a free trade agreement between the Eurasian ...
08/25/2023FT: Car exports from Armenia to Russia increased 200-fold to about $180 mln in January
... suspended operations and plans to sell its Russian factories. Cars arrive primarily from the US via the Black Sea port of Poti in Georgia, brokers and buyers said. Many are then brought to Armenia for customs clearance, as the country shares a customs-free trade bloc with Russia. The city of Gyumri is a key hub from where the vehicles head north to Russia by road, crossing through Georgia again. In January 2022, before the start of Russia’s invasion of Ukraine, Armenia imported $2.8mn worth of cars ...
07/19/2023Armenia is a gateway for Iran to enter EEU’s lucrative 200 million market - new ambassador
... Sobhani, provinces can play a leading role in boosting the country’s economy. Sobhani put the value of Iran’s exchanges of trade with Armenia at more than $700 million and reiterated that it is targeted to increase to $3 billion in the future. A free trade agreement was signed between Iran and the EEU in January 2023. It is set to enter into force in September 2023. The agreement is expected to facilitate and accelerate economic and trade relations between the IRI and the EEU. Under the agreement,...
06/16/2023Pashinyan: free trade agreement between EEU and Iran will be an important direction for development of cooperation
Conclusion 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 ...
06/09/2023Pashinyan: formation of innovative industrial clusters is important
Armenia believes that the Agreement On Free Trade in Services and Execution of Investments is a great opportunity to give a new push to the development of investment activities in the Commonwealth of Independent States (CIS) member countries, Armenian Prime Minister Nikol Pashinyan said today ...
06/08/2023Entry into force of free trade agreement between EEU and Iran is a priority –Pashinyan
... in Moscow today. YEREVAN, May 25. /ARKA/. Given the high dynamics of cooperation with Iran, the entry into force of the free trade agreement between the Eurasian Economic Union (EEU) and Iran is a priority in the context of expanding trade cooperation ... ... outside the EEU using various formats of interaction. "Continuing work on priority and promising negotiation areas such as India and Egypt, as well as developing a comprehensive dialogue on the economic agenda and deepening trade and economic cooperation ...
05/25/2023Iran views Armenia as a "bridge" to EEU markets -minister
... for increasing this figure and expanding cooperation. They also touched upon cooperation in free economic zones and various sectors of the economy. As of January 2023, Iran and the EEU agreed on most of the main issues to finalize negotiations on a free trade zone (FTA) agreement, in addition to mutual market access for certain categories of agricultural products. It is expected that the FTA between the EEU and Iran could be signed in the first half of 2023. --0--
03/01/2023EBRD: Armenia's economy to grow by 4% in 2023 and by 4.8% in 2024
... Kingdom and the United States to some Central Asian and Caucasus countries have increased by more than 80 percent, with growth particularly marked for Armenia and Kyrgyzstan, two members of the Russia-led Eurasian Economic Union t (EEU) that provide duty-free trade with Russia. According to the report, while this additional (intermediate) trade represents a small share of the decline in Russia's direct imports from the West, it represents 4-6% of GDP (annualized) in Armenia and the Kyrgyz Republic having ...
02/17/2023Armenia ratifies free trade agreement between EEU and Singapore
The Armenian National Assembly has ratified today a free trade agreement between the Eurasian Economic Union (EEU) and Singapore. YEREVAN, February 10. /ARKA/. The Armenian National Assembly has ratified today a free trade agreement between the Eurasian Economic Union (EEU) and Singapore. Armenian ...
02/10/2023Armenia supports Egypt in negotiations with EEU on free trade area agreement
... signed memorandums on promoting scientific and technical cooperation and mutual investments. During a meeting with Egyptian president later that day Armenian Prime Minister Nikol Pashinyan confirmed Yerevan’s support for the ongoing negotiations on a free trade agreement between Egypt and the Eurasian Economic Union (EEU), which according to Pashinyan will provide ample opportunities for the development of bilateral trade as well. The Egyptian president outlined areas in which there are many opportunities ...
01/30/2023EAEU to become one of key centers of Greater Eurasian Partnership, says Putin
... on the occasion of Russia’s chairmanship in the integration in 2023, which was published on the Kremlin’s website on Monday, Putin stressed the importance of cooperation between the Union and external partners, as well as the positive effect of free trade agreements with third parties. "We intend to provide all assistance to complete the work on similar agreements with Egypt, Iran and India, and to activate new negotiation tracks, including with Indonesia and the United Arab Emirates," Putin said. "Expanding the geography of the EAEU’s international links and contacts with countries in the Asia-Pacific Region, the Middle ...
01/23/2023Iran, EEU sign free trade agreement
A free trade agreement was signed between Iran and the Eurasian Economic Union (EEU) in Tehran on Thursday, Iranian news agency IRNA reported. YEREVAN, January 20, /ARKA/. A free trade agreement was signed between Iran and the Eurasian Economic Union ...
01/20/2023Armenia's trade with EEU member countries exceeded $3bn in 9 months – Pashinyan
... member countries in the first 10 months of this year totaled almost $4bln, an increase of 88% compared to January-October 2021. Armenian exports to EEU grew 2.5 times to $1.8bln and imports rose by 50.8% to $2.4bln. The Eurasian Economic Union is a free trade agreement that came into being in 2015 to increase economic cooperation and raise the standard of living of its members. Member countries include Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. Unlike the European Union (EU), the EEU ...
12/09/2022Iran plans to finalize FTZ with EEU in a month
The legal formalities for the creation of a free trade zone between Iran and the Eurasian Economic Union (EEU) are expected to be settled within a month, Iranian Deputy Minister of Trade, Industry and Mines Alireza Peymanpak, who is also head of Iran's Trade Development YEREVAN, November 30....
11/30/2022EEU and Iran to have another round of talks on free trade agreement
In late September 2022, Iran and the Eurasian Economic Union (EEU) will have another round of negotiations on a full-fledged free trade agreement in Moscow. YEREVAN, August 25. /ARKA/. In late September 2022, Iran and the Eurasian Economic Union (EEU) will have another round of negotiations on a full-fledged free trade agreement in Moscow. This announcement was made after ...
08/25/2022Russia supports extension of free trade agreement between EEU and Iran — Putin
Russia supports the extension of the temporary free trade agreement between the Eurasian Economic Union (EEU) and Iran, President Vladimir Putin said on Friday when speaking at a meeting of the Supreme Eurasian Economic Council, Tass reported. YEREVAN, May 27, /ARKA/. Russia supports the extension ...
05/27/2022Pashinyan calls for creation of single market of services for EEU
... have a significant impact on the competitiveness of goods, production sectors and economies. "In this regard, the most important task of the Eurasian integration is to ensure free movement of services," he reiterated. According to Pashinyan, free trade in services "is a kind of indicator of integration." The development of this sector is also conditioned by the development of scientific and technological progress and technological changes in cross-border trade. Pashinyan also stressed ...
05/26/2022Armenia ratifies agreement on economic cooperation between EEU and Singapore
... of mutual trade relations and economic cooperation, as well as remove barriers between the parties in trade and investment, reduce business costs and improve economic efficiency. The agreement stipulates the parties' intention to sign agreements on free trade in goods, investments and services. "Singapore is a major financial center, and cooperation between Singapore investment funds and the Armenian government is being discussed," Armenian Economy Minister Vahan kerobyan said, presenting ...
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