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
Berri: It is our fate every Eid al-Adha to offer sacrifices in defense of Lebanon and its sovereignty, and the aggression will not prevent us from celebrating our holidays
Berri: Our positions must be unifying for all Lebanese in confronting the Israeli aggressiveness, which does not target a specific sect or region, but rather all of Lebanon and the Lebanese, and even Arabs and Muslims in their holiest sanctities
Speaker of the Parliament of Lebanon Nabih Berri: Our position regarding the continuous Israeli violation of Lebanon is identical to and adopts the position of the President of the Republic in all national and sovereign dimensions
Israeli raids strike eight residential buildings in Beirut’s southern suburbs; shelling reported in Ain Qana, southern Lebanon
Al Mayadeen's correspondent: Another Israeli airstrike targets Beirut’s southern suburb
Saree: The operation comes in solidarity with the oppressed Palestinian people and in response to the aggression against Beirut’s southern suburb
Yemeni Armed Forces spokesperson: The operation successfully achieved its objective, forcing millions of Israeli settlers to flee into shelters
Yemeni Armed Forces spokesperson Yahya Saree: We targeted Lod Airport (Ben Gurion Airport) in the occupied Yafa area with a hypersonic ballistic missile, the “Palestine 2” type
Salam: We call on the international community to hold "Israel" accountable, halt its attacks, and ensure full withdrawal from Lebanese territory
Salam: These attacks constitute a blatant violation of Lebanese sovereignty and UN Security Council Resolution 1701

EAEU members sign landmark free trade agreement with Iran

  • By Al Mayadeen English
  • Source: Agencies
  • 25 Dec 2023 22:02
3 Min Read

The temporary agreement on establishing a free trade zone between the EAEU and Iran, initially concluded on May 17, 2018, has been in effect since October 27, 2019.

  • x
  • EAEU members sign landmark free trade agreement with Iran
    Members of the EAEU agree to sign a comprehensive free trade agreement with Iran on December 25, 2023, St. Petersbug, Russia. (IRNA)

Member states of the Eurasian Economic Union (EAEU) officially signed on Monday a comprehensive free trade agreement with Iran during a meeting of the Supreme Eurasian Economic Council in St. Petersburg.

The agreement, intended to replace a temporary accord in effect since 2019, was signed by key representatives, including the Chairman of the Board of the Eurasian Economic Commission (EEC) Mikhail Myasnikovich, Russian Deputy Prime Minister Alexei Overchuk, and Iranian Minister of Industry, Mine, and Trade Abbas Aliabadi. Belarus, Armenia, Kazakhstan, and Kyrgyzstan were also signatories.

The temporary agreement on establishing a free trade zone between the EAEU and Iran, initially concluded on May 17, 2018, has been in effect since October 27, 2019.

Read more: Russia, Iran FMs discuss implementation of Dec. 7 bilateral agreements

Russian President Vladimir Putin highlighted the strategic importance of the free trade agreement, stating that it would grant duty-free access to nearly all categories of goods to Iran's market. Putin noted that the deal would significantly reduce non-tariff barriers and contribute to improved commercial cooperation.

Related News

India: Trade with Russia not temporary

Final stages of Egypt-EAEU free trade zone negotiations underway

"After the agreement comes into force, almost all categories of goods produced in the Union will receive duty-free access to the vast Iranian market of 90 million people, and non-tariff barriers will be significantly reduced. The business of our countries, which actively trade with Iranian partners, are interested in this, and now the conditions for such commercial cooperation will be noticeably improved," Putin said.

The leaders of Eurasian Economic Union (EAEU) now hold a meeting following the signing of a free trade agreement between #Iran and the EAEU. #Russia's President Putin is also present in the session. Iranian Industry and Trade Minister is representing Iran in the meeting. pic.twitter.com/2yaUVr8UXj

— Iran Nuances (@IranNuances) December 25, 2023

The Russian head of State added that members of the EAEU Council unanimously agreed to approve the declaration.

"This idea was supported, all members of the Supreme Council agreed to approve the declaration, and we will formalize the corresponding decision following the results of our meeting. In fact, the declaration is a new document of a program nature, which provides for steps to increase joint efforts in key sectors, as well as identifies additional areas of interaction," Putin noted.

Despite global difficulties and tensions, Putin underscored the ongoing development of cooperation within the EAEU. He highlighted that mutual settlements through the use of national currencies had surpassed 90%, a figure expected to increase with collaborative financial sector measures implemented by member countries.

Read more: Iran-Russia cooperation reaching 'new highs' despite sanctions: Shoigu

  • Eurasian Economic Union
  • Free Trade Zone
  • free trade
  • Iran

Most Read

Lebanon's PM Nawaf Salam meets with US envoy Morgan Ortagus in Beirut on April 5, 2025 (Dalati Nohra via AP)AP)

Morgan Ortagus to exit US role in Lebanon amid policy shift

  • Politics
  • 1 Jun 2025
It may well be due to the longstanding relationship between MI6 and HTS, via Inter Mediate, that Britain was the first Western country to recognise their assumption of government in Syria. (Al Mayadeen English; Illustrated by Zeinab El-Hajj)

How MI6 helped HTS seize Syria

  • Opinion
  • 31 May 2025
A Palestinian woman mourns as she embraces the body of her daughter Mayar Abu Odeh, 8, who was killed in an Israeli army strike on Gaza. at Al-Shifa Hospital in Gaza City, Wednesday, June 4, 2025. (AP)

French port workers block arms shipment to 'Israel' amid Gaza genocide

  • Politics
  • 4 Jun 2025
Palestinians struggle to get donated food at a community kitchen in Khan Younis, southern Gaza Strip, Monday, June 2, 2025. (AP)

Boston Consulting Group withdraws from GHF

  • Palestine
  • 3 Jun 2025

Coverage

All
War on Gaza

Read Next

All
Poll
Palestine

Sharp decline in international perception of 'Israel', Netanyahu: Poll

Ukrainian soldiers with the anti-drone KVS G-6, manufactured by Kvertus Technology.Territorial Defense Forces of the Armed Forces of Ukraine/Facebook
US & Canada

Shift in US priorities: Drone fuzes reallocated from Kiev to CENTCOM

US Jews accuse Trump of antisemitism despite his pro-'Israel' stance
US & Canada

US Jews accuse Trump of antisemitism despite his pro-'Israel' stance

Former US President Joe Biden speaks from the Oval Office of the White House in Washington, Sept. 30, 2024 (AP/Mark Schiefelbein)
US & Canada

Trump orders investigation into Biden’s autopen use, cognitive fitness

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