ALWAGHT- According to the head of the Trade Promotion Organization of Iran, trade between Iran and member states of the Eurasian Economic Union grew by 16% during the first eight months of the current Iranian year, ending in late November.
At a meeting on trade with the Eurasian Economic Union, Mohammad Ali Dehghan Dehnavi highlighted a significant increase in Iran's exports this year and the role of private traders in utilizing opportunities with the five member states. He noted that preparations for the agreement were completed on May 15 and that Iran previously operated under a free trade agreement framework.
Dehghan Dehnavi also pointed out that under the new agreement, 87% of Iran's trade with Eurasia will be subject to zero tariffs, presenting a substantial opportunity for further growth. He added that there is still untapped export potential with Eurasia, including a $12 billion trade opportunity with Russia.
