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February 01
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The legal formalities for the organization of a free trade zone with the EEU are expected to be settled within a month, Deputy Minister of Industry, Mines and Trade of Iran, the head of the Trade Development Organization of Iran Alireza Peyman Pak, RIA Novosti reported.

Peyman Pak and Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs, signed a memorandum on Wednesday during the Russian Industrialist forum in St. Petersburg to establish a Russia-Iran business cooperation council.

Considering that within a month the final agreements and formalities on Iran's presence in the EAEU will be over, this could be a positive factor that will affect joint cooperation, Peyman Pak said.

According to him, the Iranian side is interested in creating a free economic zone within the Eurasian Economic Union, and is ready to provide the southern ports under this free zone with all preferences.

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