TEHRAN (Iran News) – Iran’s trade with the Eurasian Economic Union (EAEU) members stood at $3.4b last year which shows 3 percent decline comparing to the preceding year.
The fourth meeting of the national work group on regulations in the field of Eurasia was held at Iran’s Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) and was chaired by head of the international affairs department of ICCIMA Mr. Mohammad Reza Karbasi.
In the meeting, Iran has not successful experience in taking advantage of the regional trade agreements and these agreements have not ever had any important place in the country’s trade diplomacy while a country like Turkey is member of several regional trade agreements and bilateral and multilateral agreements.
He went on to say that signing the preferential trade agreement between Iran and EAEU as a new experience in the regional trade cooperation has this capacity that in case of the government support and active presence of private sector in the country’s foreign trade, it can bring considerable changes in the future.
Karbasi noted that according to the statistics released by Iran’s Custom Administration, the value of Iran’s trade with the Eurasian Economic Union member states stood at $3.4m last year which shows 3 percent decline comparing to the preceding year.
He went on to say that the total imports of Iran from EAEU states was $2.358b last year which shows 0ne percent growth comparing to the preceding year while in the same period, exports to these countries faced 3 percent decline.
Karbasi went on to say that Iran’s exports of the items from the list of preferential items to Eurasia hit $1.487b last year which indicates 22 percent decline comparing to the preceding year.
He also warned the exporters to the EAEU states of observing all regulations and urged them to export good quality goods to those countries. He also said that exporters should consider the needs of their target destinations and to avoid exporting more than the market’s needs because it has had huge political and economic cost for the country.
Karbasi also said that those exporters and companies which do not observe the rules and commit offences should be dealt properly in order to avoid heavy cost of their offences.
He reiterated that the chamber is ready to annual the business cards of the offender economic activists who present false information and data.
Then the participants in the work group explored ways to remove hurdles in way of trade with EAEU states.
In July, Iran held the first exclusive Eurasian Economic Union (EAEU) exhibition which was a platform to showcase the capabilities of the EAEU members and their Iranian counterparts.
In addition to Iranian companies, 30 companies from Russia, 30 companies from Kyrgyzstan, more than 10 companies from Armenia, over 10 companies from Kazakhstan, and companies from Belarus have participated in the exhibition.