Talks on Iran’s EEU Membership to Conclude Soon

Timur Suleimenov, Kazakhstan’s minister of economy, said the Eurasian Economic Union (EEU) would finalize talks with Iran over the country’s membership to the union by the end of 2017.

“We believe we can come up with something substantial by the end of the year . . . finished talks,” Suleimenov told the Financial Times on Monday.

He added, “We would like to have a framework signed then”.

The union had announced earlier this year that talks with Iran, Egypt, India and Singapore will start as soon as negotiations with Serbia come to an end.

The Eurasian Economic Union is an economic union of states located primarily in northern Eurasia. A treaty aiming for the establishment of the EAEU was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on 1 January 2015. Treaties aiming for Armenia’s and Kyrgyzstan’s accession to the Eurasian Economic Union were signed on 9 October and 23 December 2014, respectively. Armenia’s accession treaty came into force on 2 January 2015. Kyrgyzstan’s accession treaty came into effect on 6 August 2015.

(Source: Tasnim, under Creative Commons licence)

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