Armenian government approves ratification of free trade agreement between EAEU and Iran
The Armenian government at a session on Friday approved ratification of a free trade agreement between the member states of the Eurasian Economic Union #40;EAEU#41; and Iran, signed on 25 December 2023 in St. Petersburg. br /
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nbsp;YEREVAN, 14 June. /ARKA/. The Armenian government at a session on Friday approved ratification of a free trade agreement between the member states of the Eurasian Economic Union (EAEU) and Iran, signed on 25 December 2023 in St. Petersburg.
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The EAEU comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.
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The agreement regulates a wide range of economic co-operation issues, in particular the facilitation and promotion of mutual trade, protection of the domestic market, customs regulation, competitiveness, government procurement and a number of other issues.nbsp;nbsp;nbsp;
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Under the agreement, for the first time in the practice of its international trade agreements, the Iranian side enshrines a commitment to zero customs duties on imports. -0-
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