Trade cooperation roadmap of Iran-Eurasia to be finalized in Moscow
Iran’s main goal in Moscow is to agree on a roadmap for economic cooperation with the Eurasian Economic Union (EAEU), said Industry, Mining and Trade Minister Mohammad Atabak on Tuesday, as he arrived in Russia for talks and to attend the first joint committee on implementing a free trade agreement.
“At the end of May, we began implementing the free trade agreement with the Eurasian Economic Union, and in practice this agreement has entered into force. Under this framework, tariffs on 87% of goods were reduced to zero,” Atabak said, IRNA reported.
The agreement was signed between the EAEU and the Islamic Republic on May 14.
The minister added that commissions and committees had been set up to pursue other measures, and Tuesday’s meeting in Moscow was aimed at planning a roadmap for the next stage. His schedule also included meetings with ministers, the Russian deputy prime minister and other officials involved in carrying out the agreement.
“We hope the subcommittees under the main Eurasia commission can complete their activities and submit reports to the commission,” Atabak said. “The main goal of this trip is to agree on and adopt the roadmap.”
Atabak said Iran’s trade with the bloc had already risen significantly since the deal was signed. “Fortunately, since the conclusion of this treaty, the volume of our exchanges with the Eurasian Union has increased considerably, and we hope to expand this trend even further,” he said.