Iranian exports to the Eurasian Economic Union member states will be exempt from customs tariffs as of September 2022, says the managing director of Iran-EEU Export Consortium Center.
“Our exports need to measure up to the standards of EEU market. To arrive at this goal, we have established offices in Moscow and Yerevan to help with the export of Iranian goods and guide traders on the demands of destination markets,” Amir Abbas Afsharamin was quoted as saying by the Persian daily Ta’adol.
“As per an agreement with EEU, the raw materials of the end products destined for exports to the bloc will be procured meticulously so that Iranian products could compete with rivals in the Eurasian market,” he said.
“A lot of our processed foodstuff, including pasta, pastry, chocolates and canned food, already have the required standards to be exported to EEU’s five member countries. We also have great potential in the export of faucet and textile.”
Volue of trade between Iran and the EAEU member countries
The volume of trade between Iran and the Eurasia Economic Union (EAEU) grew to over $1.6 billion in the first four months of the fiscal year (March 21-July 22), Customs data suggests.
Hossein Kakhaki, the director of International Cooperation Department of Iran Customs Administration (IRICA), said that the figure shows a 93% growth in comparison to figures from last year’s corresponding period.