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
OPEC daily basket price stood at US$72.79
WeBOC system is a requirement of China-Pakistan Economic Corridor: Pakistan Customs
Pakistan seals $5 billion deal to buy eight Chinese attack submarines
Chinese envoy proposes trilateral China-Pakistan-India summit
ADM, Musanada complete phase 4 of infrastructure & internal roads project in Al Falah
India’s muscular China-Pakistan policy is the way to go, but prepare for turbulence
Malaysia reviews China infrastructure plans
World Bank approves debt for 400 MW of solar in Pakistan
China working with Iran despite US pressures: Chinese analyst
India should seriously consider limited war with Pakistan: BJP leader
EU takes China to WTO over technology transfer
Ghani discusses TTP leader’s death with Pakistan
Yunnan Academy of Social Sciences (YASS) to establish Pakistan Research Centre
Pak development assistance to Afghanistan reaches $1bn mark : envoy
Investors plan push into infrastructure despite falling valuations

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