Copy in clipboard...
EAEU ready to expand trade with Iran beyond Free Trade Agreement
During a meeting with Atabak on the sidelines of the 43rd session of the Eurasian intergovernmental council on Friday, Andrey Slepnev stressed that the Free Trade Agreement between the Eurasian Economic Union (EAEU) and the Islamic Republic “is not merely a free trade agreement, but a qualitatively new level of engagement.”
The Free Trade Agreement was signed between the Eurasian Economic Union (EAEU) and the Islamic Republic on May 14.
The Eurasian Economic Commission’s trade chief added, “We see prospects for expanding cooperation in key sectors and increasing the volume of mutual trade.”
According to the report, Slepnev and Atabak reviewed the initial outcomes of the Free Trade Agreement’s implementation since May 14, 2025, and outlined plans to deepen bilateral cooperation. The two sides announced readiness to hold the first joint committee meeting between the Islamic Republic of Iran and the Eurasian Economic Union, scheduled for this autumn. According to Chairman of the Board of the Eurasian Economic Commission Bakytzhan Sagintayev, the roadmap for the free trade agreement is scheduled for approval during the joint committee meeting in September.
At the Friday meeting, it was agreed that specific mechanisms for implementing the Free Trade Agreement will be adopted in the upcoming session.
According to Slepnev, the draft roadmap for trade and economic cooperation between the Eurasian Economic Union and Iran is in the final stages of approval.