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Russian PM counting on soonest entry into force of Iran-EAEU free trade agreement
Mishustin said at a government meeting on Thursday that the accession to the Eurasian Economic Union as an observer state was discussed “in a rather detailed manner” during his visit to Tehran this week, Interfax reported.
“We are also hoping that the free trade agreement between the Union and Iran will take effect in the near future, which will considerably improve conditions for work of Russian exporters on the Iranian market,” Mishustin said.
First Vice President Mohammadreza Aref said on Tuesday that Iran’s ports in the Persian Gulf and Sea of Oman can become one of the most important trading platforms for the Eurasian Economic Union (EAEU) with other countries.
Addressing the Eurasian Economic Forum in Yerevan on Tuesday, he stated that Iran is ready to provide special facilities to the member countries of the union regarding the establishment of commercial logistics centers in the northern and southern ports.
On June 12, Russian President Vladimir Putin signed a law on the ratification of the free trade agreement between the EAEU and Iran.
The agreement, signed in St. Petersburg on December 25, 2023, was submitted for ratification by the Russian Federation Council with the goal of removing constraints on trade between the EAEU countries and Iran by reducing or eliminating tariff and non-tariff barriers, supporting economic and trade cooperation.
Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia are the five member states of the Eurasian Economic Union.