ST. PETERSBURG, December 25. The Eurasian Economic Union (EAEU) free trade agreement with Iran is of great importance for strengthening ties; almost all categories of goods will receive duty-free access to the Iranian market, said Russian President Vladimir Putin.
Earlier on Monday, the EAEU countries in St. Petersburg signed a full-scale free trade agreement with Iran, which should replace the temporary agreement in force since 2019.
“This agreement can have a really serious significance in the context of strengthening the ties of the Eurasian Union with this one of the largest and technologically advanced economies of the Eurasian region. After the agreement comes into force, almost all categories of goods produced in the union will receive duty-free access to the vast Iranian market — 90 million people. And non-tariff barriers will be significantly reduced,» Putin said during a meeting of the Supreme Eurasian Economic Council. He emphasized that the business circles of the EAEU countries, which actively trade with Iranian partners, are also interested in this. According to him, now the conditions for such commercial cooperation will be noticeably improved.
«It is also obvious that the liberalization of trade with Iran will give a good additional impetus to the development of the transport and logistics system connecting all our states, transport and logistics routes — such as the international North-South corridor, will create the prerequisites for increasing scientific and industrial cooperation, tourist and delegation exchanges, contacts between people,” Putin added.