Jan 28, 2023, 9:16 AM
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News ID: 85011481
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Eurasia-Iran accord can transform economic situation: Official

Jan 28, 2023, 9:16 AM
News ID: 85011481
Eurasia-Iran accord can transform economic situation: Official

Tehran, IRNA – The chairman of the Iran-Russia Chamber of Commerce, Industries, and Mines has underscored that the enforcement of the free trade agreement between Eurasia and Iran can transfigure the economic situation significantly.

Hadi Tizhoosh-Taban said on Saturday that the implementation of such agreements would affect trade and the economy and that the proper utilization of the grave opportunity can end up in an upsurge and transformation in different sectors of the Islamic Republic.

The Iranian producers produce different products in industrial and agricultural sectors, which are required by the Eurasian Economic Union (EAEU), on the other hand, the imported commodities from the member states of the union include raw materials needed for the production sector, Tizhoosh-Taban argued.

Preparing grounds for the implementation of the agreement, including financial exchanges, infrastructure, and logistics, can pave the way for the improvement of the economic situation in Iran, he said.

The official also called for paving the ground for creating mechanisms to use the Iranian rial and the Russian ruble in mutual trade in order to facilitate exchanges and get rid of illegal sanctions.

As to the insufficient progress in creating infrastructure for the Russia-Iran trade, he noted that the development of trade infrastructure can help attract foreign investments, which can transform construction projects and improve the economy.

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