Eurasia-Iran Archives - Iran News Daily https://irannewsdaily.com/tag/eurasia-iran/ Sun, 15 Dec 2019 08:15:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.4 https://irannewsdaily.com/wp-content/uploads/2020/04/cropped-iranlogo-32x32.png Eurasia-Iran Archives - Iran News Daily https://irannewsdaily.com/tag/eurasia-iran/ 32 32 Eurasian markets attrack millions of Iran production https://irannewsdaily.com/2019/12/eurasian-markets-attrack-millions-of-iran-production/ https://irannewsdaily.com/2019/12/eurasian-markets-attrack-millions-of-iran-production/#respond Sun, 15 Dec 2019 08:15:02 +0000 https://irannewsdaily.com/?p=103336 TEHRAN (Iran News) – President of the Islamic Republic of Iran Customs Administration (IRICA) Mehdi Mir-Ashrafi said that the country exported $28.2 million worth of products to Eurasian markets in the last month of the current year (from Oct. 21 to Nov. 22). He put the products imported from Eurasia into Iran in the same […]

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TEHRAN (Iran News) – President of the Islamic Republic of Iran Customs Administration (IRICA) Mehdi Mir-Ashrafi said that the country exported $28.2 million worth of products to Eurasian markets in the last month of the current year (from Oct. 21 to Nov. 22).

He put the products imported from Eurasia into Iran in the same period at $166 million.

It has been for more than a month since the implementation of Preferential Trade Agreement (PTA) was inked between Iran and Eurasian Economic Union, EAEU members, on Oct. 27, Mir-Ashrafi added.

He put Iran’s total preferential and non-preferential exports to Eurasian markets in the same period at $137.9 million, while the total volume of products imported into the country stood at $193 million.

In the current situation, good opportunities exist for the country to make the best use of the lucrative Eurasian market in the field of importing and exporting required products, he added.

The deputy minister of economy added, “given the request and agreement between the two sides, efforts will be made to use regional currencies for exchange of goods and products.”

Last year,  Iran exported 405,000 tons of foodstuff and agricultural products, valued at $315 million, to the Eurasian Economic Union, known as EAEU.

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]]> https://irannewsdaily.com/2019/12/eurasian-markets-attrack-millions-of-iran-production/feed/ 0 Russian President Signs Eurasia-Iran FTZ Bill into Law https://irannewsdaily.com/2018/12/russian-president-signs-eurasia-iran-ftz-bill-into-law-2/ https://irannewsdaily.com/2018/12/russian-president-signs-eurasia-iran-ftz-bill-into-law-2/#respond Sun, 02 Dec 2018 07:41:52 +0000 https://irannewsdaily.com/?p=43944 Russian President Vladimir Putin signed into law a draft agreement to establish a free trade zone between Iran and the Eurasian Economic Union (EAEU) countries. The draft agreement was ratified by the State Duma and the Federation Council (two houses of the Russian parliament) on November 15 and 23, respectively. The agreement, signed in Astana […]

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]]> Russian President Vladimir Putin signed into law a draft agreement to establish a free trade zone between Iran and the Eurasian Economic Union (EAEU) countries.

The draft agreement was ratified by the State Duma and the Federation Council (two houses of the Russian parliament) on November 15 and 23, respectively.

The agreement, signed in Astana on May 17, 2018, sets the main rules of trade between the EAEU, Iran and those of the World Trade Organization (WTO), which Iran is not a member of, the Tass news agency reported on Wednesday.

It is intended for a period of four years, under which the EAEU will grant Iran tariff concessions on 502 harmonized commodity codes.

The Eurasian Economic Union includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. Iran and EAEU members started to develop the agreement on the free trade in 2015, though the signing has been postponed several times.

The agreement enters into force 60 days from the date of receipt of the last written notice of completion by the member states of the EAEU and Iran of the internal procedures necessary for its entry into force, the report added.

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