Sputnik- Yerevan supports the idea of creating a free trade zone between the Eurasian Economic Union and Iran, the Armenian foreign minister said.





YEREVAN (Sputnik) � Armenia supports actively the possibility of�creation of�a free trade zone between�the Eurasian Economic Union (EAEU) and Iran, Armenian Foreign Minister Eduard Nalbandian told Sputnik.
"At present, the possibility of�creation of�a free trade zone between�Iran and the Eurasian Economic Union which we of�course support actively," Nalbandian said.


Nalbandian noted great perspectives for�attracting the Iranian business on�Armenian market and stressed that Yerevan and Tehran continued to�improve investment opportunities for�bilateral cooperation.
"An important step in�this process was visa waiver between�our countries, what would also deepen bilateral trade and economic relations," Nalbandian said.


On Tuesday, Russian First Deputy Prime Minister Igor Shuvalov will visit Iran to�discuss a free trade zone between�Iran and the EAEU.


Functioning since�2015, the EAEU is a Russia-initiated regional political and economic bloc that aims to�streamline the flow of�goods and services between�its member states: Russia, Armenia, Belarus Kazakhstan and Kyrgyzstan.

In December 2016, the Armenian president said Tehran and the bloc could sign a deal which would pave a way to�a full-fledged free trade agreement.