The Islamic Republic is interested in obtaining an observer state status at the Eurasian Economic Union (EAEU) which can bring about desirable outcomes for all sides.

According to The Iran Project, the periodic economic forum of the Eurasian Union was held on September 30 and October 1 in Yerevan, Armenia, and Iran was the special guest of this meeting.

Iranian Industry, Mining, and Trade Minister Mohammad Atabak and Andrey Slepnev, the minister in charge of trade of the Eurasian Economic Commission (EEC), have discussed ways of expanding economic cooperation in a meeting on the sidelines of the Eurasian Business Forum in Armenia.

In this meeting, the Iranian side emphasized the need for establishing an insurance company under the Eurasian Economic Union (EAEU) to provide the necessary guarantees regarding Iran’s technical and engineering exports to the region, IRIB reported.

The two sides also discussed the increase in trade between Iran and the Eurasian Economic Union and the Free Trade Agreement (FTA) implementation.

Another focal point of the negotiations was the unification of the standards of the member countries of the EAEU with Iran to facilitate exports to the union.

In this meeting, the Iranian Industry Minister invited Slepnev to visit the third round of the Eurasia Exhibition in Iran.