{"id":9289,"date":"2023-12-29T11:46:33","date_gmt":"2023-12-29T11:46:33","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=9289"},"modified":"2023-12-29T11:46:33","modified_gmt":"2023-12-29T11:46:33","slug":"iran-and-eaeu-ink-landmark-free-trade-agreement","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/9289\/","title":{"rendered":"Iran and EAEU Ink Landmark Free Trade Agreement"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Iran and the Eurasian Economic Union (EAEU) have finally signed a long-awaited free trade agreement.<\/p>\n

Iran and the Eurasian Economic Union (EAEU) <\/strong>have finally signed a long-awaited free trade agreement<\/strong>. This major advancement was the highlight of the recent meeting in St. Petersburg of the Supreme Eurasian Economic Council. The negotiations, primarily led by Moscow and Tehran, have been ongoing and closely watched by international observers, as reported by Nezavisimaya Gazeta.<\/p>\n

Maxim Chereshnev, a member of the Business Russia General Council and chairman of the board of the Council for the Development of Foreign Trade and International Economic Relations, expressed optimism about the deal’s benefits, especially for Russia.<\/p>\n

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“The free trade agreement between the EAEU countries and Iran will greatly benefit Russia because Russian goods account for 70% of the EAEU\u2019s trade with third countries on average,” he said. Chereshnev noted the sizeable Iranian market and the relatively low competition faced by Russian companies there, setting the stage for a potentially lucrative economic relationship.<\/p><\/blockquote>\n

According to him, the Iranian market “is rather large, and, unlike in other markets, companies from other foreign countries are poorly represented, thus reducing the level of competition that Russian companies will face.”<\/p><\/blockquote>\n