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EAEU-Iran free trade zone agreement expected to boost Belarus' export

Economy 10.07.2018 | 17:56
An annual seminar for heads of Belarusian diplomatic missions and consular institutions in Minsk. Photo courtesy of the Eurasian Economic Commission
An annual seminar for heads of Belarusian diplomatic missions and consular institutions in Minsk. Photo courtesy of the Eurasian Economic Commission

MINSK, 10 July (BelTA) – The provisional agreement to establish a free trade zone between the Eurasian Economic Union (EAEU) and Iran can help double Belarus' exports to this country, Member of the Board, Minister for Trade at the Eurasian Economic Commission Veronika Nikishina said in Minsk as she took part in the annual seminar for heads of Belarusian diplomatic missions and consular institutions, BelTA learned from the press service of the Eurasian Economic Commission.

“I am convinced that due to its close integration into the EAEU, Belarus will be able to maximize its benefits from trade and economic deals. Projections and modeling results suggest that Belarus' export growth will be among the highest in the EAEU. The provisional deal that provides for the establishment of the free trade zone with Iran can generate a 101.13% increase in Belarus' export,” Veronika Nikishina said.

Apart from trade agreements with third countries, the EEC minister updated the participants of the seminar on elaboration and implementation of laws regulating foreign trade of the EAEU member states, including customs regulations, product labeling, use of special protective and antidumping measures, provision of preferential terms for third countries and cooperation with international organizations.

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