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Iran seeks trade zone with EEU

21 February 2017 17:37 (UTC+04:00)
Iran seeks trade zone with EEU

By Trend

Ahead of Iranian President Hassan Rouhani’s impending visit to Moscow, Tehran has called for finalizing preparations for inking an agreement between the Islamic Republic and the Eurasian Economic Union (EEU) on the creation of a free-trade zone.

Speaking at a meeting with Russian First Deputy Prime Minister Igor Shuvalov, Iranian First Vice President Eshaq Jahangiri expressed his country’s interest in expansion of economic cooperation with the member states of the EEU, Tasnim news agency reported.

Saying that the ties between Tehran and Moscow are expanding, the Iranian official further urged for finalizing the deal on the creation of the free-trade zone with the EEU.

The official did not provide further information on the President Rouhani’s plan to visit Moscow.

Iranian sources earlier in January reported that plans were afoot to arrange President Hassan Rouhani’s visit to Moscow.

Trade turnover between Iran and Russia witnessed a surge by 60 percent over the last year climbing to about $2 billon.

However, the observers believe that the surge in trade between the two countries which came after the nuclear sanctions on Iran were removed, has not satisfied the expectations.


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