Entrepreneurs from EAEU countries and Iran to continue cooperation within Free Trade Agreement

The Eurasian Economic Commission's Council approved an action plan aimed at implementing the Free Trade Agreement between the Eurasian Economic Union and the Islamic Republic of Iran dated December 25, 2023. The document envisages, inter alia, deepening cooperation between the parties' business communities.  

 

"In particular, the issue of Iran's participation as a partner in the next Eurasian Economic Forum will be explored. As part of the meeting it is planned to organize and conduct the EAEU – Iran business dialogue," said Andrey Slepnev, EEC Minister in charge of Trade.

 

In order to create a platform for business dialogue between the parties, it is planned to amend the current Memorandum of Cooperation between the Business Council of the Eurasian Economic Union and the Iran Chamber of Commerce, Industry, Mines and Agriculture dated September 25, 2019 or conclude a new memorandum. The activities within this platform will take into account such areas of sector-specific interaction as cooperation in transport, development of multimodal transportation, joint projects in research and development, establishment of cooperation ties between enterprises, projects of the fuel and energy complex, as well as energy efficiency, energy saving and renewable energy sources, education, medicine, and telecommunications.

 

Proposals received from the business community will be elaborated and considered by the Joint Committee, a governing body established to discuss issues related to the application of the Agreement and further development of trade relations between the EAEU and Iran.

 

Additionally, the parties will prepare a joint action plan of trade facilitation organizations, including business forums, exhibitions, business missions, etc.