A draft agreement between Iran and the
Eurasian Economic Union was signed in Yerevan, Armenia, on Wednesday
for levying preferential export tariffs on 350 Iranian industrial
products in return for 180 commodities from the EEU.
The agreement was signed by Deputy Minister of Industries, Mining and
Trade Mojtaba Khosrotaj, who is also chairman of Iran's Trade Promotion
Organization, and Trade Minister of EEU Veronica Nikishina, IRNA
A Russian Agriculture Ministry’s report released late June after
negotiations on a temporary agreement for the creation of an Iran-EEU
free trade zone read that Iran was ready to make tariff concessions on
a wide range of agricultural products, excluding wheat, refined oil,
mineral water and cigarettes, Russian news agency TASS reported.
“In its maximum proposal presented at the round, Iran demonstrated its
readiness to make concessions under the terms requested by member
states, in almost all items the EEU is interested in, excluding wheat,
refined oil, mineral water and cigarettes,” the ministry said.
The Eurasian Economic Union is an international integration economic
association of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan. The
EEU came into existence from January 1, 2015, after it superseded the
Eurasian Economic Community that functioned from 2000 to 2014.
The treaty on the establishment of EEU was signed by the presidents of
Russia, Belarus and Kazakhstan on May 29, 2014, in Astana.
The union has an integrated single market of 183 million people and a gross domestic product of over $4 trillion.
EEU calls for the free movement of goods, capital, services and people
and provides for common transport, agriculture and energy policies,
with provisions for a single currency and greater integration in the