Iran ready to sign free trade zone deal with EEU in 2017

Iran ready to sign free trade zone deal with EEU in 2017

PanARMENIAN.Net - Iran will be ready to sign an agreement on the creation of a free trade zone with the Eurasian Economic Union (EEU) in 2017, Russian Federation Council speaker Valentina Matviyenko said in a statement, according to Mehr News Agency.

"Iran is ready to finish by the end of the year the first stage of preparation of documents necessary for joining the free trade zone, so that the country is ready to sign the agreement next year," Matviyenko told reporters following a meeting with President of the Islamic Republic Hassan Rouhani.

The agreement stipulates the creation of a free trade zone between Iran and the EEU in order to boost turnover and stimulate mutual trade.

Matviyenko noted that the Iranian President also called for strengthening efforts on including Iran in the Shanghai Cooperation Organization (SCO).

As reported in late December, Iran and the EEU, comprising Armenia, Russia, Belarus, Kazakhstan and Kyrgyzstan, were working on a free trade zone agreement.

 Top stories
Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.
In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million).
The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".
The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.
Partner news
---