Eurasian Economic Union

Iran, Eurasian Economic Union mull chambers of commerce joint council

Iran Chamber of Commerce, Industries, Mines and Agriculture proposed the creation of a such an entity with their counterpart entities in the Eurasian Economic Union aimed at accelerating future trade.

Trade

Iran-Eurasian Economic Union FTA inches closer to final approval

Since the ratification of Iran’s accession to a free trade zone with the Eurasian Economic Union in May 2017, the Iranian government prepared a bill to be debated by parliament about the zone’s creation. Now, the bill is moving closer to be finally ratified by the end of the current Persian year (21 March).

Trade

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Iran has set a target to expand its overseas farming to 2 million hectares (4.942 million acres) by 2029 amid efforts to ensure sufficient food supplies in the country.

Iran to expand overseas farming to 2 million hectares by 2029

Iran’s Minister of Energy, Abbas Aliabadi, confirmed on Tuesday that scheduled power outages have ceased, following assurances of improved fuel supply to power plants.

Iran ends power outages amid fuel supply improvements

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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