Tehran (IP) - The head of the Trade Promotion Organization of Iran (TPOI) said that Iran had direct trade relations only with Syria, but would sign a trade agreement with the Eurasian Economic Union in a year.

Iran Press/Iran News: In an exclusive interview with the Russian edition of Pars Today, Hamid Zadboom stated that the Eurasian Economic Union was formed after 20 years of negotiations with Armenia, Russia, Kazakhstan, Kyrgyzstan, and Belarus, and began its activities in 2015. 

According to Zadboom, the Islamic Republic of Iran was also the first country to apply to join the Eurasian Union.

He added: Of course, the Islamic Republic of Iran first needed to sign an interim agreement with the Eurasian Union for 2 years, which was achieved in 2019, and reduced the customs tariff on 892 items for Iranian and Eurasian traders under the agreement.

Zadboom added that if Iran can establish extensive trade relations with neighboring countries, especially Armenia, Kazakhstan, and Russia, which are members of the Eurasian Union, under these sanctions, Iran would achieve economic development.

"The Eurasian Economic Union, including Russia, Kazakhstan, Armenia, Kyrgyzstan, and Belarus, have more than $850 billion in annual world trade. That’s why trade development with these five countries is important for Iran," he noted.

Zadboom said that on this basis, the establishment of an international exhibition with the participation of 5 Eurasian Union member states in Tehran was on the agenda, and traders of Iran and Eurasian Union member states could exhibit and sell their goods in all areas without restrictions. 


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Iran's annual trade value; $ 73 billion