Iran-EAEU trade doubles in four years
The trade between Iran and the Eurasian Economic Union (EAEU) has doubled over the past four years, announced EAEU Minister of Trade Andrey Slepnev.
Talking to IRNA, Slepnev said that bilateral cooperation with the Islamic Republic is actively expanding in various spheres.
The figures indicate that trade between the union and Iran surged by 22% in 2022, added the official.
He noted that agricultural products account for 75% of the bloc’s trade with Iran.
Industrial commodities play a pivotal role in the cooperation between the two sides, the minister said, adding that the trade in the areas of minerals, industries, and chemicals is about to be expanded.
Slepnev termed Iran as a key partner in the International North-South Transport Corridor (INSTC), calling the corridor a solution in transportation and logistics.
The project will not only help expansion of regional trade, but it will also bring about cooperation in the field of industry and joint production, he further noted.
The EAEU was founded in 2015 at the initiative taken by the Russian Federation, Kazakhstan, and Belarus. The Republic of Armenia and Kyrgyzstan are other members of the union. Official