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Eurasian Economic Commission will discuss free trade agreement with Iran — minister

EREVAN, May 14. /TASS/. The Eurasian Economic Commission (EAEC) will discuss a free trade agreement with Iran, EAEC Trade Minister Andrey Slepnev said on Thursday during the visit to Armenia.

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"A relevant initiative of the Iranian side has been stated fairly recently. It was supported by all parties at expert and departmental levels," the minister said. "We are planning to initiate preparation of formal decisions related to joint studies and subsequent negotiations," Slepnev added.

EAEC representatives agreed to hold consultations with the Armenian business and regulators on development of directives and approaches for such negotiations, the minister said. "Armenia is the only member-nation of the Eurasian Union having land border with Iran and a solid experience of working" with this nation, he added.

The Eurasian Economic Commission is the standing regulatory authority of the Eurasian Economic Union (EAEU) consisting of Russia, Belarus, Kazakhstan, Armenia and recently joined Kyrgyzstan.

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