“Joining this union will open the gates of a very large market, giving the country a great opportunity,” said Iran’s Energy Minister Reza Ardakanian on Thursday.
Iran will officially enter a Free Trade Zone (FTZ) with the five-member regional economic body late October.
The country will enter the FTA with Eurasian Economic Union (EAEU) for a trial period of three years.
He also warned of losses if the Iranian public and private sectors fail to take advantage of this opportunity.
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