Iran’s trade with Eurasian Economic Union crosses $1.4b since PTA came into effect

Financial Tribune – Iran’s exports under the preferential trade agreement stood at 123,960 tons worth $136.26 million while EEU exported 2.38 million tons of goods worth $749 million in return

Iran and the Eurasian Economic Union traded more than $1.48 billion worth of goods from Oct. 27, 2019, when a preferential trade agreement between the two sides came into effect, till March 25.

According to the Spokesman of the Islamic Republic of Iran Customs Administration Rouhollah Latifi, Iran’s exports under the preferential trade agreement stood at 123,960 tons worth $136.26 million while EEU exported 2.38 million tons of goods worth $749 million in return.

“Iran’s total exports to the bloc reached 1.16 million tons worth $489.93 million, accounting for 33% of the total trade value. Imports from the five EEU member states hit 2.95 million tons worth more than $999.3 million, which accounts for 67% of Iran-EEU’s overall trade value over the five-month period,” he was quoted as saying by IRNA.