Aug 21, 2021, 3:54 PM
Journalist ID: 1842
News Code: 84443870
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Iran- EAEU trade to boost Islamic Republic's export capacity

Tehran, IRNA - Trade relations with member-states of the Eurasian Economic Union (EAEU) will enhance economic exchanges between Iran and third countries, an Iranian official believes.

Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture for Exports Commission Jamshid Nafar told IRNA on Saturday that the Eurasian region can be considered an extraordinary target for development of Iranian export capability.

The current Preferential Trade Agreement is a good opportunity to pave the ground for free trade between the two sides, Nafar noted.

Calling for more attention to the existing level of trade between EAEU and Iran, he urged that the current import and export levels should be analyzed to pave the way for removal of obstacles in the way of expansion of trade ties.

The member-states of the EAEU are able to provide the Islamic Republic with livestock and poultry feed, he said, adding that Iran can also export food products to the region, which would balance trade exchanges between the two parties.

The chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture for Exports Commission went on to say that exchanges with neighboring countries is among the priorities of President Ebrahim Raisi's administration; so, the process should be speed up.

According to the official, export to the EAEU member-states will enhance Iran's trade capacity and will pave the ground for having trade exchanges with third countries.

The Islamic Republic exported commodities worth 258 million dollars to the Eurasian states in the first season of the current Iranian calendar year (March 21 to June 21).

Russia as one of the main member-states of the EAEU possesses the big share of the trade exchanges with Iran. Iran exported goods worth 135 million dollars to Russia, followed by Armenia, Kazakhstan, Kyrgyzstan and Belarus valued at 60, 38, 18 and 5 million dollars respectively.

Fruits worth of 95 million dollars have the biggest share of Iran's export to Russia and other Eurasian countries.

Iran imported fats, grains, wood, vegetable and chemical products from the region.

1424**2050

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