The finalization of Iran’s free trade agreement with the Eurasian Economic Union (EAEU) has opened new avenues for trade between Iran and Kazakhstan, potentially boosting bilateral trade to several billion dollars, the president of Iran Chamber of Commerce, Industries, Mines and Agriculture said on Thursday.
Speaking during a meeting with Kazakhstan’s ambassador to Tehran at the Iran Expo 2025, Samad Hassanzadeh, emphasized the importance of the newly implemented free trade agreement, calling it a “promising achievement” for Iranian businesses and the EAEU member states.
“The agreement, which took effect about a month ago, lays the groundwork for expanded trade with countries in the region, particularly Kazakhstan,” Hassanzadeh said, adding that cooperation in investment and the transfer of knowledge and new technologies from Iran to Kazakhstan was a key area of interest.
To unlock the full potential of the partnership, Hassanzadeh called for the easing of trade regulations, streamlined visa issuance, resolution of banking challenges, and improved transportation infrastructure.
Kazakhstan’s ambassador to Iran, Ontalap Onalbayev, who also visited the Iran-Kazakhstan Joint Chamber of Commerce pavilion at the expo, praised the scope and quality of Iran Expo 2025, calling it “exceptional.”
“I have visited the exhibition since the first day and observed its high standards. With over 1,000 Iranian companies participating, the event offers an excellent opportunity for Kazakh and other international firms to explore Iran’s capabilities,” Onalbayev said.
He expressed hope that Kazakh companies attending the expo would seize the opportunity to connect with their Iranian counterparts.
Despite international sanctions, Iranian companies have made significant technological advances, the ambassador added. He noted the potential for Iranian firms to transfer know-how to Kazakhstan in areas such as machinery manufacturing and information technology.
Onalbayev also encouraged long-term Iranian business engagement in Kazakhstan, emphasizing that expanding bilateral ties is both feasible and beneficial for both nations.