Iran Ready for Closer Cooperation with EAEU – Economy news

Aref on Friday delivered an address to a meeting of the Eurasian Intergovernmental Council, held in Kyrgyzstan’s Cholpon-Ata city.

In his speech, the Iranian vice president hailed the finalization of a free trade agreement between Iran and the EAEU.

He said the deal has provided unparalleled opportunities for the economies of the member states and the business people and has also paved the way for sustainable economic development and stronger constructive interaction across the region.

In parallel with the implementation of the free trade agreement, Iran is prepared to promote cooperation with the Eurasian Economic Union’s members in the other key spheres, such as energy and commerce, modern technologies, and transportation, the vice president added.

He expressed confidence that mutual cooperation will serve the EAEU goals.

The Eurasian Economic Union is an international economic organization focused on regional integration. It was established by the Treaty on the Eurasian Economic Union in 2014 to foster the free movement of goods, services, capital, and labor.