Iran's exports to EEU member states increase

Business Materials 10 March 2020 16:17 (UTC +04:00)
Iran's exports to EEU member states increase

BAKU, Azerbaijan, March 10

By Elnur Baghishov - Trend:

Iran's product export to the Eurasian Economic Union has increased by 105 percent, within the 11 months of the current Iranian year (March 21, 2019 to February 19, 2020), compared to the same period last year, said spokesperson for the Iranian Customs, Rouhollah Latifi, Trend reports citing Islamic Republic of Iran Customs Administration (IRICA).

According to Latifi, in 11 months, Iran exported $1.2 billion worth of products to member states of the Eurasian Economic Union. In the same period last year, the figure was $550 million.

Latifi added that Iran's exports of products were mainly in Russia, amounting to $87 million.

"Exports of products to member countries of the Eurasian Economic Union were mainly apples, liquefied gas, pistachios, kiwi, cucumbers, pickles and oranges," he said.

As for the import of goods from Iran to the Eurasian Economic Union, the customs official said that the goods were worth $1.2 billion.

The official said that Iran imports barley, animal feed, sunflower oil and other products from the Eurasian Economic Union member states.

A temporary trade memorandum was signed between Iran and the EEU on October 27, 2019. In accordance with the memorandum, 862 kinds of products will be imported and exported upon preferential tariffs between the two sides..