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
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country
AEOI Chief Mohammad Eslami: We witnessed new, stricter stances from European countries since signing new agreement with IAEA
Saree: Our UAV force targeted the so-called Ramon Airport in the Umm al-Rashrash area in southern occupied Palestine

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

  • By Al Mayadeen English
  • Source: Al Mayadeen English + Agencies
  • 16 Oct 2022 18:17
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

Pro-"Israel" conservative Charlie Kirk shot during Utah speech

American far-right activist Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025
Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

  • Palestine
  • 14 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Britain Trained Israeli Soldiers Involved in Gaza War: Declassified
Europe

UK training of Israeli officers sparks outcry over Gaza war complicity

Luxembourg's Prime Minister Luc Frieden arrives for an EU summit at the European Council building in Brussels, Thursday, June 26, 2025. (AP Photo/Omar Havana)
Politics

Luxembourg to recognize Palestine at UN summit next week

European Union flags flap in the wind outside EU headquarters in Brussels, Wednesday, Sept. 3, 2025 (AP)
Politics

EU exec. branch to adopt new sanctions against 'Israel' on Wednesday

Charlie Kirk killing suspect faces charges in Utah court hearing
US & Canada

Charlie Kirk murder suspect faces formal charges in Utah court hearing

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