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Iran working to join Eurasia Economic Union

Business Materials 9 February 2019 10:08 (UTC +04:00)

Tehran, Iran, Feb.9

Trend:

The head of Iran Customs Administration and Chamber of Commerce held a meeting with the Eurasia Economic Union officials to prepare the plan for Iran to join the union.

The Deputy Economic Minister and the head of Iran customs administration Mehdi Mirashrafi, alongside experts, has discussed the issue with the EEU officials in Moscow, Trend reports citing IRNA.

The meeting was aimed for preparing the smooth accession of Iran to the EEU, and signing the memorandum of understanding for electronic data exchange by the EEU.

The Eurasian Economic Union (EEU) currently comprises of five member states, Iran joined the free trade agreement with the EEU on 24 April 2018.

Iran accession would reduce exports tariffs to the EEU countries including Russia, Kyrgyzstan Kazakhstan, Belarus and Armenia.

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