Mobile version
Projects
Services
Government Bodies

EAEU, Iran to launch interim free trade zone on 27 October

Economy 10.10.2019 | 16:16

MOSCOW, 10 October (BelTA) - The interim free trade agreement between the Eurasian Economic Union and Iran will come into force on 27 October, Veronika Nikishina, Member of the Board (Minister) for Trade of the Eurasian Economic Commission, said at a press conference in Moscow, BelTA learned.

According to Veronika Nikishina, reduced export duties and zero customs barriers will apply to a narrow specific group of commodities. Food, textiles, building materials, and also Iranian vegetables and fruits will be subject to preferential trade.

The EEC minister stressed that the free trade regime will apply exclusively to civilian goods, and that the Iranian market is of great interest to business of the EAEU countries.

Currently, the Eurasian Economic Union has the FTA with Vietnam only. An agreement to establish preferential trade relations with Singapore was signed on 1 October. Similar agreement with Serbia is scheduled to be signed on 25 October. The negotiations on free trade zones with Israel and Egypt have entered an active phase: the agreements with these states are expected to be signed in 2020, Veronika Nikishina informed.

Print version
More about Economy
Latest news
All news
Weather
Minsk
Baranovichi
Bobruisk
Borisov
Brest
Warsaw
Vilnius
Vitebsk
Gomel
Grodno
Zhlobin
Kiev
Kiev
Lida
Minsk
Mogilev
Mogilev
Mozyr
Moscow
Orsha
Polotsk
Riga
Saint Petersburg
Soligorsk
Soligorsk
Day +1..+3°C Overcast sky
Night 0..+2°C Overcast sky