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Eurasian Economic Union, Iran to sign free trade zone agreement within months — Kremlin

April 02, 16:51 UTC+3

The talks on drafting a temporary agreement on creation of an EAEU-Iran free trade zone have been finalized, the Kremlin aide said

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MOSCOW, April 2. /TASS/. The agreement on creation of a free trade zone between the Eurasian Economic Union and Iran may be signed within months, Russian Presidential Aide Yuri Ushakov said Monday.

"The talks on drafting a temporary agreement on creation of an EAEU-Iran free trade zone have been finalized. The plan is to sign it within months," he said.

Armenia’s deputy minister of economic development and investment Hovhannes Azizyan said at end-March that the agreement of a free trade zone between the EAEU and Iran might be signed by the end of May for a period of three years.

In March, Iran’s Ambassador to Russia Nehdi Sanaei said in an interview with TASS that the talks on a free trade zone agreement between the Eurasian Economic Union and Iran are close to completion. The sides started to develop the agreement in 2015, though the signing has been postponed several times. The Eurasian Economic Union includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

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