Iran Russia

ICCIMA urges Caspian Sea states to join Chinese New Silk Road

Gholam Hossein Shafei, who presides over the Iranian private sector parliament says revival of this ancient trade corridor is the most important event that is happening in the region and world, saying Caspian Sea littoral countries need to joint that road faster.

Trade

Iranian parliament passes FTA with Eurasian Economic Union

The Iranian lawmakers have voted in favour of the bill that allows Tehran’s entrance into a Free Trade Zone (FTZ) with the five-member council, Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia.

Trade

Iran-Eurasia Economic Union FTA expected to enter into force this summer: Armenia

A Free Trade Agreement between Iran and the five member states of the Eurasian Economic Union, that is Russia, Belarus, Kazakhstan, Kyrgyzstan, Armenia, will allow Tehran to engage in trade exchanges with Central Asia and the Caucasus.

Trade

Russia, Netherlands eager to join Europe’s INSTEX

High-level Russian and Dutch officials have said that their countries are very keen on maintaining trade with Iran through the INSTEX mechanism.

Trade

Iranian parliament to debate Eurasian Economic Union FTA ‘in coming days’

The parliament speaker has promised to put a government bill on joining a Free Trade Zone with the Eurasian Economic Union to the floor’s debate in a bid to ratify the agreement before 17 June.

Trade

Iran private sector calls for chain store quotas for Russian, Iranian goods

Iran Chamber of Commerce says the idea is aimed at helping boost the bilateral trade agreement between Tehran and Moscow that has fallen drastically to $1bn after the US withdrawal from the Iran nuclear deal.

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