The document on establishing a free-trade zone between Iran and the Eurasian Economic Union (EAEU) may be signed during Iranian President Hassan Rouhani’s visit to Russia.
Russian Minister of Energy Alexander Novak stated the aforementioned at his talk with the Minister of Communication and Information Technology of Iran, Mahmoud Vaezi, according to TASS news agency of Russia.
“We hope that the document will be ready for signing during the Iranian president’s visit to Moscow,” Novak said, in particular.
The EAEU-Iran free-trade zone agreement will be implemented in several phases.
It was noted, however, that Iran is not a World Trade Organization member, and this makes it difficult to establish a free-trade zone with this country.
The Eurasian Economic Union comprises Armenia, Russia, Belarus, Kazakhstan, and Kyrgyzstan.