The Free Trade Agreement (FTA) between the Islamic Republic of Iran and the Eurasian Economic Union (EAEU) has been sent to the Iranian Parliament for approval.
It was sent to the Parliament for fulfilling the legal formalities, according to the Mehr news agency.
Under the terms of the agreement, Iran and the five-member bloc will lift tariffs on 87% of the items being exchanged between them.
The rest 13% includes items that each of the six parties consider as sensitive items whose free imports may damage their domestic industry or agriculture.
A long-awaited free trade agreement was signed between Iran and the EAEU on December 25, 2023.
The FTA has yet to be ratified by the parliaments of all the six parties to the agreement before it can take effect.
The agreement has been ratified by the Russian State Duma earlier last month.