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Iran welcomes idea of joining Eurasian Economic Union

Iran welcomes idea of joining Eurasian Economic Union

PanARMENIAN.Net - The issue of Iran's accession to the Eurasian Economic Union (EEU) may be settled within 2-3 years, the country's Minister of Communication told RIA Novosti on Thursday, November 12.

Tehran generally welcomes the idea, but discussions on the issue will take long,” Mahmoud Vaezi said at the session of the Russian-Iranian intergovernmental commission in Moscow. “We need to work a lot at the level of various ministries and discuss a variety of issues.”

Earlier, Russian presidential aide Yuri Ushakov declared that the possibility of signing an agreement on a free trade zone between the EEU and India, Egypt and Iran is currently being elaborated on.

The Eurasian Economic Union is an economic union of states located primarily in northern Eurasia. A treaty aiming for the establishment of the EEU was signed on May 29, 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on January 1, 2015. Treaties aiming for Armenia and Kyrgyzstan's accession to the Eurasian Economic Union were signed on October 9, 2014 and December 23, 2014, respectively. Armenia and Kyrgyzstan's accession treaties came into force on January 2, 2015 and August 6, 2015.

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