Russia Federation Council ratifies EAEU-Iran FTZ agreementNovember 23, 2018 - 16:42 AMT PanARMENIAN.Net - The Federation Council of Russia - the upper house of the country's parliament, has ratified a temporary agreement on the creation of a free trade zone between the members of the Eurasian Economic Union and Iran. The agreement, signed during the Astana Economic Forum on May 17, 2018, is designed for three years and provides for the formation of a FTZ on a limited range of goods between the EAEU and Iran. Under the terms of the agreement, the parties pledge to begin negotiations on a full-fledged free trade agreement no later than a year after its entry into force, RIA Novosti reports. The implementation of the agreement will contribute to an increase in the volume of trade and the development of economic ties between the parties. A trade bloc established in 2015, the EAEU was based on the Customs Union of Russia, Kazakhstan, and Belarus. It was later joined by Armenia and Kyrgyzstan. In 2016, Vietnam officially became the first non-regional country to join the bloc. The union is designed to ensure the free movement of goods, services, capital and workers between member countries. Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham). |