Mir-Hadi Seyyedi, Iran’s senior negotiator in free trade agreement talks with the Eurasian Economic Union (EAEU), says Iran and the five-member bloc will finalize an FTA deal in a ministerial meeting in Tehran in mid-December.
Seyyedi made the remarks in an exclusive interview with Iran Chamber of Commerce Newsroom.
The fifth round of talks between Iran and the EAEU member states began in Isfahan Chamber of Commerce in central Iran in late October.
Iranian Deputy Minister of Industry, Mine, and Trade Alireza Peimanpak said earlier that the list of commodities to be included in free trade between Iran and EAEU states is expected to be signed in December.
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.
Iran and the Eurasian Economic Union member countries are highlighted on the map.
The volume of trade between Iran and EAEU grow from a $2.3 billion in 2015 to $5 billion in 2021 mainly due to a preferential 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.