The Chairman of the Board,The Eurasian Economic Commission

News on «The Chairman of the Board,The Eurasian Economic Commission»

26 Dec 2024 Bakytzhan Sagintaev: "Dialogue with Iran has the potential for development in a number of areas" On December 26 in St. Petersburg, Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission, held a working meeting with Seyed Mohammad Atabak, Minister of Industry, Mining and Trade of the Islamic Republic of Iran. The parties exchanged views on relevant matters of Eurasian integration and discussed promising areas of cooperation. Bakytzhan Sagintaev emphasized that Iran is one of the important partners of the Eurasian Economic Union. While the Interim Trade Agreement between the EAEU states and Iran was in force from 2018 to 2023, the trade turnover almost doubled. In the first 10 months of 2024, this indicator rose by 12.8%, with exports of goods to Iran increasing by 16% and imports by 8%. To expand the mutually beneficial partnership, the two parties signed a full-fledged Free Trade Agreement in December 2023 to establish duty-free treatment for 90% of goods. "We expect that in the near future the Agreement with Iran will enter into force, which will allow our countries to increase trade turnover and overall economic cooperation with greater efficiency," noted the Head of the EEC Board. "Dialogue with Iran has the potential for development in a number of areas." The parties agreed that the most promising areas of interaction are the development of transport and logistics infrastructure, expansion of cooperation ties between enterprises, cooperation in the agricultural sector, oil refining and petrochemical industries, scientific research and development. As a result of the negotiations, the parties expressed confidence in the successful practical realization of the plans.
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