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Iran-EAEU free trade area agreement to ensure trade turnover growth — ambassador

March 14, 16:44 UTC+3 MOSCOW

The document on setting up a free-trade area between Iran and the EAEU may be signed during the visit of Iranian President Hassan Rouhani to Moscow in March

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MOSCOW, March 14. /TASS/. Signing an agreement on setting up a free-trade area between Iran and the Eurasian Economic Union (EAEU) will establish the basis for further increase in the volume of mutual trade with Russia, which grew by about 80% in 2016, Iranian Ambassador to Russia, Mehdi Sanai, said on Tuesday.

"The trade and economic relations between our countries are being transformed too," he said. "The signing of the relevant framework agreements has created the conditions for these changes. A 80-percent increase in trade and economic relations in 2016 testifies to this."

"I hope the same growth rates will be maintained in the coming years and that signing an agreement on a free-trade area between Iran and the Eurasian Economic Union will create conditions for increasing the volume of mutual trade," the diplomat added.

On March 13, Russian Energy Minister Alexander Novak said at a meeting with Iranian Information and Communications Technology Minister, Mahmoud Vaezi, that the document on setting up a free-trade area between Iran and the EAEU could be signed during the visit of Iranian President, Hassan Rouhani, to Moscow, at the end of March.

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