Iran became an observer member of the Eurasian Economic Union

According to Mehr news agency, the leaders of the member countries of the Economic Union Eurasia In the meeting of the supreme council of this union in the city of San Petersburg Russia agreed to grant observer status to the Islamic Republic of Iran.

It was also announced at the same time regarding the approval of the Iran Free Trade Agreement and the Economic Union Eurasia from Assemblies 5 member countries of the Union and also the Islamic Council, this agreement will be operational soon.

These two important developments will make the Islamic Republic of Iran one of the important partners of the Eurasian Economic Union.

The five countries of Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan are members of this union. From now on, the Islamic Republic of Iran will be present as an observer in the activities of this union along with Uzbekistan, Moldova and Cuba.

Also, the free trade agreement between Iran and 5 member countries of the Union Eurasia It will create a free trade zone covering the total territory of six countries, in which, in the first stage, more than eighty percent of the goods will have zero tariffs. will exchange became. This is the first free trade zone in which the Islamic Republic of Iran participates.