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Trade volume between Iran, EAEU via Gilan province revealed

Finance Materials 2 April 2020 15:17 (UTC +04:00)
Trade volume between Iran, EAEU via Gilan province revealed

BAKU, Azerbaijan, April 2

By Elnur Baghishov - Trend

Products worth of $162 million were exported to member countries of Eurasian Economic Union (EAEU) via customs of Gilan province in northern Iran from October 27, 2019, the date of entry into force of the Interim Trade Memorandum between Iran and EAEU, to the end of last Iranian year on March 20, 2020, said Abolghasem Yousefinejad, supervisor of Gilan Customs Administration, Trend reports citing Islamic Republic of Iran Customs Administration (IRICA).

According to Yousefinejad, the weight of exported products through the customs of Gilan province was 328,000 tons.

The official said that about 467,000 tons of products worth $327 million were imported from the EAEU's member states to Iran's via Gilan province during the reporting period.

A temporary trade memorandum was signed between Iran and the EAEU 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.

Under the agreement, Iran will export 502 types of products and import 360 kinds of products.

Iran will mainly export pistachios, kiwi, oil products, raisins, cucumbers, cabbages, dates, medicines, cement, copper and methanol to EAEU.

In turn, the country will primarily import mainly import barley, animal feed, vegetable oil and cathodes from the union's member states.

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