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The total trade volume between Iran and the Eurasian Economic Union (EAEU) member states has grown by 14%, amounting to $ 2.416 billion, IRNA reported referring to the organization for the development of foreign trade of Iran.

The volume has increased since the entry into force of the temporary deal leading to the formation of a free trade zone between the EAEU and Iran.

A statement from the organization for the development of foreign trade notes that the volume of trade between Iran and the EAEU member states has grown despite the decline in international trade due to the coronavirus. 

Iran's exports to the EAEU member states for the specified period amounted to $ 681 million, an increase of 17% compared to the same period last year.

Besides, the exports of the Eurasian Union member states to Iran from October 27, 2019 to June 21, 2020 amounted to $ 1.736 billion, an increase of 13% compared to the same period last year.

An interim deal leading to the formation of a free trade zone between the Eurasian Economic Union and its states and Iran was signed in Astana on May 17, 2018.

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