TEHRAN, December 23. /TASS/. Tehran has informed the Russian delegation that the parliament of the Islamic Republic ratified the agreement on a free trade zone between Iran and the Eurasian Economic Union (EAEU), Deputy Prime Minister Alexey Overchuk told reporters following the delegation’s working visit to Iran.

"We’ve been informed that the parliament of the Islamic Republic ratified the agreement on a free trade zone signed in December last year. They also informed us that now this decision will be sent to the Guardian Council of the Islamic Republic of Iran for approval, which will take some time," he said.

Overchuk noted that the parties discussed Iran's participation in the Eurasian Economic Union as an observer.

"We discussed the benefits that Iran will receive as a result of joining and receiving observer status," he said.