Axar.az
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24 September 2018


EAEU, Iran sign provisional deal to create free trade zone

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The EAEU and Iran have signed a temporary agreement to establish a free trade zone during an economic forum in Astana.

Axar.az informs citing Sputnik.

Iran and the Eurasian Economic Union (EAEU) signed a provisional pact on Thursday to create a free trade zone, the chair of the board of the EAEU's economic commission, said.

"The temporary agreement stipulates an effective dispute settlement mechanism, including arbitration … It also creates a joint committee of high-ranking officials and establishes a business dialogue," Tigran Sargsyan said at a ceremony in Astana, Kazakhstan.

It is the first step in streamlining trade between the Islamic republic and the five-nation bloc, which includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

Date
2018.05.17 / 09:44
Author
Axar.az
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