Russia, Iran may enter free trade zone agreement in spring
Baku, Azerbaijan, March 6
Russia and Iran can sign the document that is expected to become a blueprint for free trade between Iran and the EEU (Eurasian Economic Union) countries in May, Russia’s Energy Minister and co-head of the Russian-Iranian intergovernmental commission Alexander Novak said at a meeting of the commission March 6, TASS news agency reported.
"The move to enter into a temporary agreement making for a free trade zone to be set up between Iran and the EEU, which is currently at an advanced stage, will obviously trigger further development of our bilateral trade and expansion of investment cooperation," he said, adding that he hopes "the document will be signed in May."
The work on a free trade zone between Iran and the EEU began in 2015, though the signing has been repeatedly postponed.