After holding the first meeting of Iran-EEU joint working group through videoconference, the two sides agreed on the establishment of three new working groups focusing on customs, standards, and health and safety measures, IRNA reported.

TPO head, Hamid Zadboum, said that at the end of the meeting the working group’s protocol was signed.

“Based on this protocol, which includes the outcomes of the negotiations held in every meeting, the parties agreed to establish three new working groups on customs cooperation, technical measures, healthcare, and plant health measures within the framework of the agreement between the two sides,” Zadboum said.

The meetings of the mentioned working groups will be held between the representatives of the relevant bodies from Iran and the EEU member countries in the near future and after setting their goals, according to the official.

He noted that the protocol of the current meeting included Iran’s proposals for the formation of a banking working group and a working group on transportation and transit, as well as cooperation in the fields of investment, and free trade zones; the Eurasian Economic Union will respond to these proposals after reviewing them,” he added.

During the online event, the parties stressed encouraging cooperation between the trade associations of the two sides to maximize the capacity of the agreement between Iran and EEU.

They also underlined the need for raising awareness in the private sectors of Iran and EEU members regarding the agreement and the two sides’ potential markets.

The two sides also agreed to hold a business forum in the current Iranian year (to end March 20, 2021).