Iran, Eurasia sign agreement on preferential trade

IRNA – Agreement on preferential trade between Iran and member countries of Eurasia Economic Union was signed in Astana, capital of Kazakhstan, on Saturday in presence of Minister of Industry, Mine and Trade Mohammad Shariatmadari.

In signing ceremony, Chairman of economic commission of Eurasia Tigran Sargsyan said that interim agreement signed now and in next 3 years member states should reach a comprehensive agreement and in that case for a wide range of importing goods will be reduction or elimination of customs duties.

Following final agreement, both sides will make savings in their importing customs payments.

The list included meat, some types of chocolate and cookies, cosmetics, and different types of electronic and mechanical equipment and Iran will receive tariff advantages for a wide list of food products, vegetables, fruits, dried fruits and construction materials, Sargsyan added.

He added that the rate of toll for importing goods from Iran will decrease in average for industrial goods seven percent, for member countries 3.5% and for Iranian agricultural crops 19 percent and for member- states 5 percent.

Minister of Economy of Kazakhstan Timur Suleimanov said Iran’s market capacity for exporting goods of Kazakhstan is 8 billion dollars and now trade exchanges level between the union and Iran is around 2.7 billion dollars.

First Deputy Prime Minister of Belarus Republic Vasily Matyushevsky also said in signing ceremony that the interim agreement on trade free zone will help Belarusian exporting strategy.

He said that Iran-Belarus relations since 1993 actively developed and increased and bilateral exchange level reached three folded in year 2017.

In addition to the aforementioned officials speaking in the signing ceremony there were other senior officials like Deputy Prime Minister of Armenia Tigran Avinian, first Deputy Prime Minister of Kazakhstan Asker Mamin, Deputy Prime Minister of Kazakhstan Zemir Beik Askerov and Deputy Prime Minister of Russia Dmitry Kozak.

Member-states of Eurasia Union account for an area of 20 million square kilometers territory with a population more than 180 million.