Iran’s Export of Products to EAEU States Hits $1.4 Billion in 10 Months

Iran’s Export of Products to EAEU States Hits $1.4 Billion in 10 Months

TEHRAN (Tasnim) – Iran’s deputy minister of agriculture said that the country exported $1.4 billion worth of goods to the Eurasian Economic Union (EAEU)’s member states in the first 10 months of the current Iranian calendar year (started March 21, 2023).

Among the products exported from Iran to the member states of the union in this period, about $500 million are related to agricultural and food products, Alireza Paymanpak noted.

Iranian greenhouse products, summer crops, fresh fruits and vegetables and dairy products are highly welcomed in the lucrative Eurasian market, he said.

He also pointed to Astara Border Terminal which is the main gateway of Iran to the Eurasian market and said effective steps have been taken in this regard including the correction of the customs infrastructures, etc. in line with boosting trade with these countries, Mehr news agency reported. 

Earlier, an official at the Trade Promotion Organization of Iran (TPOI) said the value of trade exchanges between Iran and the EAEU’s member states will rise to $20 billion with the implementation of the Free trade Agreement (FTA) signed by the two sides.

On December 25, 2023, the EAEU countries signed a full-scale free trade agreement with Iran. The agreement officially comes into force from the moment it is ratified by the member states.

Most Visited in Economy
Top Economy stories
Top Stories