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Iran, Eurasian Economic Union’s two main steps for smoother trade ties

Daniel Ibrayev, a member of the Eurasian Economic Union (EAEU) Trade Council, says the Central Asian economic entity and Iran are taking two steps to coordinate efforts and moves in a bid to pave the way for a smoother trade relations once Tehran enters the Free Trade Zone with the five-member body.

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.

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).