MOSCOW, 30 December (BelTA - TV BRICS) - The meeting of the Supreme
Eurasian Economic Council has concluded in the Leningrad Region, Russia.
During the meeting, it was decided to grant Iran observer status at the
Eurasian Economic Union (EAEU), as reported on the Kremlin's website.
Deputy Minister of Economic Development of Russia, Dmitry Volvach, described this decision as a key outcome of the meeting.
"This will strengthen the ties of the Eurasian Five with the promising Iranian market," the press service of the Ministry of Economic Development of the Russian Federation quoted him as saying.
Additionally, as a result of the summit, the Free Trade Agreement between the Union and Iran, signed on 25 December 2023, has come into force.
As noted by BelTA, a partner of TV BRICS, the Eurasian Economic Commission (EEC) analysed the interaction between the member states of the Union and the Islamic Republic to assess the feasibility of granting observer status. This format of cooperation allows a country to participate in the meetings of EAEU bodies and summits at the level of heads of state and government. Cuba and Uzbekistan already hold such status.
Earlier, a news agency citing the EEC press service reported that during the implementation of the trade agreement between the EAEU and Iran from 2018 to 2023, trade turnover nearly doubled. Over the first 10 months of the current year, this figure increased by 12.8 per cent, with exports to the Islamic Republic rising by 16 per cent and imports by 8 per cent.
The meeting was attended by the heads of state and government of the Eurasian Five: Russian President Vladimir Putin, Belarusian President Aleksander Lukashenko, Kazakhstan President Kassym-Jomart Tokayev, and Kyrgyz President Sadyr Japarov. Armenian Prime Minister Nikol Pashinyan participated via video link. During the expanded session, the discussion was joined by Uzbek President Shavkat Mirziyoyev, Iran’s Minister of Industry, Mines, and Trade Seyed Mohammad Atabak, and via video conference, Cuban President Miguel Diaz-Canel.
Seventeen documents were approved at the summit. In addition to agreements with Iran, they include an agreement on a unified customs transit system, a directive on the functioning of a single services market within the EAEU, and others. Starting in 2025, Armenia will transfer the EAEU chairmanship to Belarus.
Deputy Minister of Economic Development of Russia, Dmitry Volvach, described this decision as a key outcome of the meeting.
"This will strengthen the ties of the Eurasian Five with the promising Iranian market," the press service of the Ministry of Economic Development of the Russian Federation quoted him as saying.
Additionally, as a result of the summit, the Free Trade Agreement between the Union and Iran, signed on 25 December 2023, has come into force.
As noted by BelTA, a partner of TV BRICS, the Eurasian Economic Commission (EEC) analysed the interaction between the member states of the Union and the Islamic Republic to assess the feasibility of granting observer status. This format of cooperation allows a country to participate in the meetings of EAEU bodies and summits at the level of heads of state and government. Cuba and Uzbekistan already hold such status.
Earlier, a news agency citing the EEC press service reported that during the implementation of the trade agreement between the EAEU and Iran from 2018 to 2023, trade turnover nearly doubled. Over the first 10 months of the current year, this figure increased by 12.8 per cent, with exports to the Islamic Republic rising by 16 per cent and imports by 8 per cent.
The meeting was attended by the heads of state and government of the Eurasian Five: Russian President Vladimir Putin, Belarusian President Aleksander Lukashenko, Kazakhstan President Kassym-Jomart Tokayev, and Kyrgyz President Sadyr Japarov. Armenian Prime Minister Nikol Pashinyan participated via video link. During the expanded session, the discussion was joined by Uzbek President Shavkat Mirziyoyev, Iran’s Minister of Industry, Mines, and Trade Seyed Mohammad Atabak, and via video conference, Cuban President Miguel Diaz-Canel.
Seventeen documents were approved at the summit. In addition to agreements with Iran, they include an agreement on a unified customs transit system, a directive on the functioning of a single services market within the EAEU, and others. Starting in 2025, Armenia will transfer the EAEU chairmanship to Belarus.
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