The first exclusive exhibition of Eurasian Economic Union member states, also known as “EURASIA EXPO 2021”, is scheduled to be held at Tehran’s International Fairgrounds from July 9 to 12.
A total of 100 companies from the Eurasian Economic Union (EEU) bloc will be attending the event alongside their Iranian counterparts to showcase their latest products and services.
Companies active in key economic sectors including banking, finance, ship manufacturing, steel industries, agriculture, cement and transportation will be present at the expo.
B2B meetings will be held between representatives from the EEU member states and Iran’s Chamber of Commerce on the sidelines of the exhibition.
Iran and the Eurasian Economic Union member states traded 8.68 million tons of commodities worth $3.4 billion in the last Iranian year (March 2020-21), according to the head of the Islamic Republic of Iran Customs Administration.
EEU member states include Russia, Kazakhstan, Armenia, Belarus and Kyrgyzstan.
Iran and the Eurasian Economic Union signed a three-year provisional agreement in Astana, Kazakhstan, on May 17, 2018, for the bloc to welcome Iran into EEU. The arrangement, which lowers or abolishes customs duties, is the first step toward implementing free trade between Iran and the five members of the union. The PTA came into effect on October 27, 2019.