The agreement provides for the formation of a free trade area on a limited range of goods between the EAEU and Iran.
Foreign Minister Khawaja Muhammad Asif and his Iranian counterpart Dr. Javad Zarif on Monday agreed to continue engagement for enhancing economic cooperation including bilateral trade, investments, and commercial interaction to promote shared prosperity.
Iran president Hassan Rouhani visited India between 15 and 17 February. In his first-ever visit after taking over as President of Iran, Rouhani met Prime Minister Narendra Modi on Sunday and held "substantive and productive" talks to boost cooperation in areas of defence and security, trade and investment, and energy, the Ministry of External Affairs said.
The preferential trade agreement between Iran and Eurasian Economic Union will be in effect for three years.
Pakistan and Iran have finalized the draft of the much-awaited Free Trade Agreement and the expeditious resolution of banking channel issues.
Pakistan and Iran have decided to strike a deal on trade despite slow or no progress regarding the implementation of a payment mechanism and the Iran-Pakistan gas pipeline project.
The Indonesian and Iranian governments discussed tariff reduction in the fourth round of the preferential trade agreement negotiations to expand market access for Indonesian products.
Iran is ready to establish preferential tariffs and free trade with some regional countries, particularly Afghanistan, Pakistan and Oman.
The government is optimistic that it will conclude four bilateral free trade agreements this year: comprehensive economic partnership agreements (CEPA) with Australia, the European Free Trade Association and Chile as well as a preferential trade agreement (PTA) with Iran.
Malaysia expects to conclude free trade agreements with Hong Kong and Iran by year-end and affirms that the FTA between Malaysia and EU is also advancing
Indonesia and Iran have agreed to finalize negotiation on the Preferential Trade Agreement by the end of 2017, to expand access and diversify of exported products to non-traditional markets.
Iran and Turkey are mulling a plan to achieve free trade between the two countries based on an earlier agreement to remove preferential tariffs.
Iran and the Eurasian Economic Union (EAEU) have finalized an agreement to create a free trade zone.
The Moscow-led Eurasian Economic Union aims to finalize a free trade deal with Iran by the end of the year (2017), in a drive by Russia and its fellow members to deepen ties with Tehran.
Both sides have decided that there will be no fresh Free Trade Agreement (FTA), rather both sides will later on turn the current Preferential Trade Agreement into FTA.
Pakistan: The Federal Minister for Commerce Khurram Dastgir Khan informed the Senate that negotiations were being initiated with Iran for signing the Free Trade Agreement.
Joint ministerial level meeting between Pakistan and Iran to be held in Tehran on April 18, for negotiation on bilateral trade and FTA between the two countries.
The agreement covers a host of full and comprehensive issues in terms of encouraging and supporting investment in Iran and Japan.
About 40 countries are currently interested in establishing trade and economic relations with the EAEU
Members of the Eurasian Economic Union’s (EAEU) prime ministerial council signed a directive on March 7, ordering preparations for a temporary agreement on forming an EAEU-Iran free trade zone.