Tag Archives | Eurasian Economic Union (EAEU)

Iran, Armenia to Produce Agricultural Machinery

Iran and Armenia have signed a memorandum of understanding (MoU) on joint production of agricultural machinery, Iran’s commercial attaché to Armenia Mohsen Rahimi said. Based on the terms of the agreement, an Iranian company will export Knock-down kit (CKD) parts to Armenia and do the assembling in the country, News.am website reported. The agreement was […]

Iran, Eurasia Ink Preferential Trade Deal

Iran and members of the Eurasian Economic Union signed a temporary preferential trade agreement in Kazakhstan on Saturday. In a ceremony in the Kazakh capital of Astana, Iran and the Eurasian Economic Union (EEU) signed the accord and agreed to reach a comprehensive and lasting deal within the next three years. The document was signed by […]

Iran “Likely to Join EEU in May”

The Eurasian Economic Union (EEU) could welcome Iran as a new member in May, Russia’s Energy Minister Alexander Novak said. “The move to enter into a temporary agreement making for a free trade zone to be set up between Iran and the Eurasian Economic Union, which is currently at an advanced stage, will obviously trigger […]

Iran Signs Trilateral Wheat Trade Deal

Iran, Russia and Kazakhstan have concluded a tripartite agreement on trading wheat. Deputy agriculture ministers of Iran, Russia and Kazakhstan signed the trilateral memorandum of understanding at a ceremony in Moscow. The ceremony was attended by Iran’s ambassador to Russia, Mahdi Sanaei, as well as a top official from the Eurasian Economic Union (EAEU). Last […]

Iran to sign Preferential Tariff Deal with EEU

By John Lee. Iran and the Eurasia Economic Union (EEU) have reportedly finalized negotiations on a preferential tariff agreement. Addressing a meeting of Iranian and Armenian businessmen in Yerevan on Tuesday, Iranian Foreign Minister Mohammad Javad Zarif (pictured) said: “The establishment of EAEU-Iran cooperation can ensure progress in the development of Armenian-Iranian economic ties.” Edward […]

Talks on Iran-EAEU Partnership in Final Phase

Russia’s First Deputy Prime Minister Igor Shuvalov said talks with Iran over its partnership with the Eurasian Economic Union (EAEU) are nearing an end. “We are in talks with Singapore and we are close to conclusion of negotiations with Iran,” Shuvalov said on Wednesday, the Tass news agency reported. Iran and the EAEU negotiated for […]

Armenia and Iran Cooperate on Free Trade Zones

By John Lee. Iran and Armenia have reportedly signed a memorandum of understanding to broaden cooperation between Iran’s Aras and Armenia’s Meghri free trade zones. At the signing in Yerevan, the Iranian President’s Advisor and Secretary of Free Trade Zones Coordination Council, Akbar Torkan, described the Aras free trade zone is a door of cooperation […]

Iran Eyes Boom in Trade with EAEU after Trade Deal

An Iranian minister expressed the hope that the volume of trade exchange between Tehran and the Eurasian Economic Union (EAEU) would rise under a much-awaited free-trade agreement. Iran is hoping to increase the volume of commercial exchange with the EAEU members as soon as a free-trade agreement with the union is signed, Iranian Minister of […]

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 […]

Russia, Iran Negotiate Joint Projects Worth $10bn

By John Lee. Russian Minister of Energy Alexander Novak (pictured) and Iranian Minister of Information and Communications Technology Mahmoud Vaezi have met to discuss contracts worth $10 billion, according to a report from Sputnik News. Novak said the countries are expected to sign more than 10 contracts in the fields of construction and railway electrification, adding that two draft […]

Iran Eyes Finalization of FTZ Deal with EAEU

Iran’s First Vice-President Eshaq Jahangiri expressed the hope for finalization of arrangements for creation of a free trade zone (FTZ) with the Eurasian Economic Union (EAEU) before President Hassan Rouhani’s upcoming visit to Russia. In a meeting with First Deputy Prime Minister of Russia Igor Shuvalov in Tehran on Tuesday, Jahangiri voiced the country’s willingness […]

Iran, EAEU to Start Talks on Free Trade Zone

Formal talks on creation of a free trade zone (FTZ) between Iran and the Eurasian Economic Union (EAEU) will begin soon, the Armenian president said. “The presidents of four countries have approved the proposal that it is necessary to launch negotiating process (on creation of free trade zone) with Iran, Egypt, India and Singapore. That […]

Armenia Calls for Closer Tehran-Yerevan Trade Ties

Armenia’s Prime Minister Karen Karapetyan said he has ordered the establishment of a special task force to facilitate the development of trade with neighboring Iran. Speaking in a meeting with Head of Iran’s Customs Office Masoud Karbasian and his entourage in Yerevan, Karapetyan highlighted the great potential for the expansion of economic ties between the […]

The Russian-Iranian Alliance that wasn’t

By Hamidreza Azizi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Russian Foreign Minister Sergey Lavrov on Oct. 28 in Moscow hosted his Iranian and Syrian counterparts, Mohammad Javad Zarif and Walid Moallem, respectively, to discuss the latest developments regarding Syria and to coordinate action […]

Iran, EEC to discuss Free Trade Zone

Eurasian Economic Commission (EEC) Trade Minister Veronika Nikishina said talks over the creation of a temporary free trade zone between the Eurasian Economic Union (EAEU) and Iran will be held in late June. “We plan talks in Iran (regarding the temporary free trade zone) at the end of June,” Nikishina said addressing ongoing St. Petersburg […]

EEU Moves Closer to Free Trade Zone with Iran

The Eurasian Economic Commission’s (EEC) trade minister said on Wednesday that the Eurasian Economic Union (EEU) is expected to hold informal meetings in June to study the possibility of forming a free trade zone with Iran. “(The bloc) will start informal talks on a possible signing of a temporary free trade zone agreement (with Iran),” […]

Iran Urges Free Trade with Kazakhstan, Eurasia

Iranian President Hassan Rouhani called for efforts to facilitate free trade with Kazakhstan and other Eurasian countries. Addressing a meeting of high-ranking delegations from Iran and Kazakhstan, held in Tehran on Monday, President Rouhani voiced Iran’s determination to enhance its ties with Kazakhstan. Stressing the need for closer trade cooperation and banking relations between Tehran […]

Armenia proposes Free Trade Zone with Iran

By John Lee. Armenia has proposed setting up a Free Trade Zone between the Eurasian Economic Union and Iran. Deputy Prime Minister and minister of International Economic Integration and Reform, Vache Gabrielyan (pictured), said a working group had been established in the EAEU to work on the issue. (Source: IRNA)