Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted

Free trade between Eurasian Economic Union & Iran may launch next year

  • By Al Mayadeen English
  • Source: Al Mayadeen English + Agencies
  • 16 Oct 2022 19:17
3 Min Read

The head of the Trade Promotion Organization of Iran (TPOI) said in an interview that the Islamic Republic may implement a free trade agreement with the Eurasian Economic Union as of next year, which will open a $700 billion dollar market for the country.

  • x
  • eurasia
    Flags of Iran and the Eurasian Economic Union.

Alireza Peyman-Pak, the head of the Trade Promotion Organization of Iran (TPOI), said in an interview with Mehr News Agency that trade turnover between Iran and the Eurasian Economic Union reached $5 billion in 2021 from $2.3 billion in 2015, an increase of around 55%.

Read more: Russia, China, Iran relations strengthening in face of US: Axios

The head of the TPOI added that 9 meetings took place in the past year to discuss Eurasia and that an implementation of a free trade agreement is expected beginning of the next year in Iran-1402 (on March 21st of 2023). This, according to Peyaman-Pak, will provide Iran's manufacturing and production industry with a $700 billion market, which will enable further expansion.

Read more: Russian trade delegation to land in Iran

"According to what has been announced, after the governments have reviewed and approved the details of the negotiations, the final approval of free trade with Eurasia will be determined by the end of the month of Azar ( 21st of December), and if this procedure continues, free trade with Eurasia will start next year," he told the news agency.

Related News

Syria cuts tariffs on 269 Turkish products, talks free trade agreement

Brazil ratifies free trade deal with Palestine in show of solidarity

The Islamic Republic of Iran has been in the past few years moving forward toward expanding cooperation and ties, with regional and non-regional countries in the fields of trade, politics, and security among other areas as well.

Read more: Iran foreign policy focus is max contact with regional states: Raisi

Last June, Iran announced that it had submitted its application for membership in the BRICS, which includes a group of five major emerging economies: Brazil, Russia, India, China, and South Africa, which accounts for 30% of global GDP and 40% of the world's population.

Read more: BRICS countries discuss deeper cooperation

During the Uzbekistan-held 22nd Shanghai Cooperation Organization summit held last September, the organization announced Iran's full accession to the membership of the SCO after Iran had previously signed a memorandum of arrangements and commitments to the organization.

The Shanghai Cooperation Organization is an economic, political, and security alliance comprising China, India, Russia, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Pakistan. SCO Observer countries include Afghanistan, Belarus, Iran, and Mongolia, with Azerbaijan, Armenia, Cambodia, Nepal, Turkey, and Sri Lanka holding a dialogue partner status.

  • free trade deal
  • Eurasian Economic Union
  • Iran

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS