A recently-signed free trade agreement between Iran and the Eurasian Economic Union is capable of creating a breakthrough in the Iranian economy, a senior member of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) said, according to IRNA news agency.
Hadi Tizhoush Taban, who also chairs Iran-Russia Joint Chamber of Commerce, said that such agreements will have a significant impact on the business environment in particular and the economy in general.
He said that Iranian products in different industrial and agricultural areas are needed by EAEU member countries and Iran, on the other hand, imports raw materials from the five member bloc.
Underlining the need for preparing the ground for implementing the FTA agreement, he said that in case of negligence not only this agreement but no other such agreement will be able to yield result.
A long-awaited free trade agreement was signed between Iran and the Eurasian Economic Union (EAEU) in Tehran on January 19.
Head of the Trade Promotion Organization of Iran (TPO) Alireza Peimanpak signed the agreement on the Iranian side with EAEU Minister of Trade Andrey Slepnev signing the agreement on the side of the five-member bloc.
Speaking during a press conference on the sidelines of the signing ceremony, Peimanpak said that the agreement is expected to become operational by late September after being approved by the IAEA member countries.
The two sides made the final talks today, according to which 90% of the items were put on the green trade list with the rest 10% enlisted as forbidden items, Peimanpak said.