Iran, EAEU stress need to ink free trade agreement by yearend

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Iran and the Eurasian Economic Union (EAEU) are going to upgrade the Preferential Trade Agreement (PTA) already reached between the two sides to a Free Trade Agreement (FTA) by the end of 2022.

The issue was stressed during a meeting between Head of Iran’s Trade Promotion Organization (TPO) Alireza Peyman-Pak and the minister in charge of economy of the Eurasian Economic Commission (EEC) in Moscow, the TPO portal reported.

The value of trade between Iran and the EAEU members reached $5.643 billion during the previous Iranian calendar year (ended on March 20), registering a 66-percent rise compared to the figure for the preceding year.—Tehran Times

 

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