Iran’s accession to Eurasia helps boost non-oil exports: Minister

Iranian Energy Minister Reza Ardakanian said on Tuesday that Iran’s accession to Eurasian Economic Union will help boost Iran’s non-oil exports.

3 September 2019
ID : 22192
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Iranian Energy Minister Reza Ardakanian said on Tuesday that Iran’s accession to Eurasian Economic Union will help boost Iran’s non-oil exports.

Irans Energy Minister Reza Ardakanian, left, shakes hands with Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan in Russia on Monday. IRNA

Iranian Energy Minister Reza Ardakanian said on Tuesday that Iran's accession to Eurasian Economic Union will help boost Iran's non-oil exports.

Ardakanian made the remarks in a meeting with Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan in Russia. 

During the meeting, Sargsyan expressed happiness over finalizing the procedures for Iran to join EAEU, saying that it will lead to development of the Iranian trade relations with the member states.

Meanwhile, He invited Iranian businessmen to attend the 4th Intentional Forum Eurasian Week 2019 which is supposed to be held from September 25 to 27 in Bishkek, Kyrgyzstan.

It will be a suitable opportunity for Iranian trade delegations to get to know their trade partners and establish more extensive relations with EAEU member states, which are Russia, Armenia, Belarus, Kyrgyzstan, Kazakhstan. 

He invited Iranian President Hassan Rouhani to participate in Supreme Eurasian Economic Council meeting in October which is slated to be held in Yerevan, Armenia. 

The event is to discuss transit issue and the cooperation between Iran and the EAEU states for reinforcing trade exchange volume, he added.

Ardakanian invited Sargsyan to visit Tehran, saying the trip will be a good opportunity for declaring the Iran-Eurasia temporary Free Trade Agreement (FTA). 

He made clear that the deal will become operational from October 26 and 864 items (503 items from Iran) will be included in the preferential trade list.

He noted that tariffs on 70 items will also reduce to zero.

Iranian energy minister together with Iran Foreign Minister Mohammad Javad Zarif arrived in Moscow on Sunday night to develop politico-economic ties. 

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