Iranian minister: Opportunities at Eurasian Economic Union should be seized

Tehran, Oct 3, IRNA - Iran’s energy minister said on Thursday that annexation of Iran to Free Trade Agreement with Eurasian Economic Union can be both an opportunity or a threat. 

“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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