Baku, Azerbaijan, May 2
Trend:
An interim agreement on the creation of a free trade zone between the Eurasian Economic Union (EEU) and Iran is planned to be signed May 17 in Astana at the Astana Economic Forum, Kazakh Minister of National Economy Timur Suleimenov said at a government meeting May 2, TASS news agency reported.
“In general, Iranian market has goods worth more than $8 billion, which are of export interest for Kazakhstan,” Suleimenov added. “Thus, getting more favorable terms, Kazakh producers have the opportunity to increase exports by more than 30 times.”
He noted that negotiations are underway to sign free trade agreements with India, Egypt, Israel and Singapore.
“Besides, on May 17, it is planned to sign another document at the Astana Economic Forum - an agreement on trade and economic cooperation between the EEU and China,” Suleimenov said.