Russia and Iran may enter free trade zone agreement in spring

Moscow – Russia and Iran can sign the document that is expected to become a blueprint for free trade between Iran and the EAEU (Eurasian Economic Union) countries in May, Russia’s Energy Minister and co-head of the Russian-Iranian intergovernmental commission Alexander Novak said at a meeting of the commission on Tuesday.

"The move to enter into a temporary agreement making for a free trade zone to be set up between Iran and the Eurasian Economic Union, which is currently at an advanced stage, will obviously trigger further development of our bilateral trade and expansion of investment cooperation," he said, adding that he hopes "the document will be signed in May."

Earlier Iran’s Ambassador to Russia Mehdi Sanaei said in an interview with TASS that the talks on a free trade zone to be established between the Eurasian Economic Union and Iran are close to completion.

The work on a free trade zone between Iran and the Eurasian Economic Union began in 2015, though the signing has been repeatedly postponed.

"Monitoring Desk"

RELATED POSTS

119
Youth being equipped with modern skills to avail CPEC benefits: CM Khan
Pakistan, Iran must exploit regional trade corridors
USCS leads Pakistani delegation to solar power trade show
MoU signed to promote use of renewable energy
China set up power projects under PPA: Ahsan Iqbal
Pakistan stresses regional connectivity projects in ECO region
Pakistan has tremendous hydropower potential of over 60,000 MW
Pakistan to engage US, China at same time, values relations with both: Qureshi
Cairo hosts trade summit to celebrate 70 years of Pakistan-Egypt diplomatic ties
Saudi Delegation to visit Pakistan in October, investments on agenda
Pakistan steps forward in astronomy and space sciences
Scottish boat-like tidal turbine produces 3 GWh cheap electricity all year round
Openness of transport infrastructure, provision of utilities and mortgage financing a boom for construction
China supports Pakistan thru dev projects in multiple avenues: Yao Jing
PTI prioritizes completing CPEC projects : Murad Saeed

FOLLOW US


About Corridor.pk

Corridor.pk is Pakistan’s leading regional connectivity media & communication/outreach platform, dedicated to profiling and promoting the business activities, news and views on the regionally connected business corridor across OBOR. 

     

Addional Information

 Ethics Policy     Advertise
 Terms & Conditions
 Contact Us