Iranian Deputy Minister of Industry, Mine, and Trade Alireza Peimanpak said on Saturday that the list of commodities to be included in free trade between Iran and EAEU states is expected to be signed in a ministerial meeting in mid-December.
Peimanpak, also the head of Trade Promotion Organization of Iran (TPO), made the remarks during a meeting on trade cooperation between Iran and Russia.
The export items to be included in free trade between Iran and the EAEU states have been almost decided upon, he said.
The official said that the free trade agreement is expected to include a zero tariff for 90% of commodities exchanged between Iran and the five-member bloc.
A meeting on trade cooperation between Iran and Russia was held in Tehran, Iran on October 29, 2022.
The fifth round of talks between Iran and the Eurasian Economic Union (EAEU) member states began in Isfahan Chamber of Commerce in central Iran early in July where the two sides discussed signing a free trade agreement.
The first day of the three-day talks was coupled with intensive negotiations as Iran seeks to turn a preferential trade agreement with the bloc into a free trade agreement.
Iran and the EAEU signed an interim free Trade Agreement in mid-March 2018 and they aim to change the temporary agreement into a full-fledged free trade regime.