BAKU, Azerbaijan, May 3
By Elnur Baghishov - Trend:
The volume of trade turnover exceeded 5.1 million tons between the member countries of the Eurasian Economic Union (EEU) and Iran, said Spokesman for Islamic Republic of Iran Customs Administration (IRICA) Rouhollah Latifi, Trend reports citing IRICA.
According to Latifi, the value of trade turnover was $1.78 billion from October 27, 2019 (the date of implementation of the interim trade memorandum) to April 25, 2020 between Iran and the EEU countries.
Latifi added that 1.34 million tons of products worth $539 million were exported during the period. Most of the products (53 percent) were exported to Russia.
The official said that the exported products to EEU countries were 14 percent apples, 12 percent pistachios, 9 percent liquefied petroleum gas, 7.5 percent kiwi, 3 percent grapes, 2.5 percent cucumbers and pickles, 2.2 percent peppers.
"During this period, 3.76 million tons of products worth $1.24 billion were imported from Eurasian Economic Union member countries," he said.
Latifi said that the imported products from EEU countries were 30 percent barley, 18.5 percent corn feed, 17.5 percent wheat, 12 percent sunflower oil, 3 percent red meat, 1.3 percent lentils, 1.3 percent fiber. Other products were paper and equipment.
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.
Iran will export 502 kinds of products and import 360 kinds of products. Iran will export pistachios, kiwi, oil products, raisins, cucumbers, cabbages, dates, medicines, cement, copper, methanol.
Iran will import barley, animal feed, vegetable oil, cathode, etc.