YEREVAN. – The agreement on the creation of a free-trade zone between Iran and the Eurasian Economic Union (EAEU) member countries stems from our country’s interests.

Prime Minister Nikol Pashinyan on Thursday stated the above-said at the National Assembly (NA) of Armenia, and during the debates on the 2018 activity report of the government.

As per the PM, if producers and manufacturers do their job well, local goods will not “succumb to” the foreign ones that are imported with low customs duties.

As reported earlier, the NA on Wednesday ratified the temporary agreement on the formation of a free-trade zone between the EAEU—which comprises Armenia, Russia, Belarus, Kazakhstan, and Kyrgyzstan—and Iran.

Under this document, the customs duties on the export of several goods as well as the customs duties on exports from Iran to Armenia will be reduced.