The Iran Project
: The Armenian parliament has approved the free trade agreement between Iran and the Eurasian Economic Union (EEU).
Saturday 16 November 2024 - 19:00
Story Code : 431422
Source : IRNA
Armenian parliament approves free trade deal between Iran and Eurasian Economic Union
The agreement is based on a preferential trade agreement signed between Iran and the EEU in 2019, according to Armenian Economy Minister Gevorg Papoyan.
He said that the 2019 deal had boosted annual trade between the union’s member states and Iran from $2.4 billion to $5.2 billion.
The free trade deal between Iran and the Russia-led EEU will come into effect once the parliaments of all member states, which also include Kazakhstan, Kyrgyzstan, and Belarus, approve the agreement.
Reporter : Editorial of The Iran Project
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