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New free trade agreement between EAEU, Iran to double mutual trade

It was noted that respective talks ended in February

MOSCOW, March 30. /TASS/. The Eurasian Economic Commission (EEC) expects the agreement on free trade with Iran signed this January to allow doubling mutual trade turnover, EEC Spokeswoman Iya Malkina told reporters on Thursday.

"The temporary agreement enforced in October 2019 allowed doubling our trade to around $6 bln, while the new agreement, as we suggest, will allow at least doubling it again," she said when asked about the prospects of a full-fledged free trade agreement between the EAEU and Iran.

Respective talks ended in February, Malkina noted, adding that the agreements reached with EAEU nations are currently being fine-tuned.