Iran: Free trade deal likely with Eurasian bloc


Issue 1038 - 09 Jun 2017 | 1 minute read

The Eurasian Economic Union (EEU), a customs union of five countries set up in 2015 that has been heavily promoted by Russia as a counterweight to the European Union is moving towards a free trade deal with Iran. In March, the prime ministers of the five member countries – Russia, Kazakhstan, Belarus, Kyrgyzstan and Armenia – signed a directive to prepare for a free trade deal with Tehran. The process now appears to be gathering momentum. Kazakhstan economy minister Timur Suleimenov told London daily The Financial Times: “We believe we can come up with something substantial by the end of the year”.

Tagged with:

Pin Economy & business

Pin Iran

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

This article is available to registered users

Login

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.


View a selection of Free articles

Explore subscription options

Follow us on Google News