TEHRAN (ecoideal)- Iranian Foreign Minister Mohammad Javad Zarif announced on Tuesday that his country and the Eurasia Economic Union will ink preferential tariffs agreement in the near future.
Zarif made the remarks, addressing a joint forum of the Iranian and Armenian businesspersons in Yerevan on Tuesday.
"A new opportunity will be created for the development of cooperation (between Iran and Armenia) soon by signing the preferential tariffs agreement between Iran and the Eurasia Economic Union," he said, adding that both sides have finalized negotiations on the agreement.
Zarif also underlined the Iranian private sector's willingness to play the role of an active partner in developmental projects in Armenia.
In relevant remarks in April, Iranian President Hassan Rouhani voiced Tehran's readiness to boost economic and trade ties with Eurasian countries.
"There are now good capacities for reinforcing free trade between Iran and the five Eurasian states," President Rouhani said.
He underlined that Iran presently has good capacities for promotion of agricultural and industrial products and exporting them to the countries located in Northern Iran.
"We will make Iran corridors of North-South and East-West," the Iranian president said.
The Eurasian Economic Union is an economic union of states located primarily in northern Eurasia.
A treaty aiming for the establishment of the EEU was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on 1 January 2015.
The Eurasian Economic Union has an integrated single market of 183 million people and a gross domestic product of over $4 trillion.
The EEU introduces the free movement of goods, capital, services and people and provides for common transport, agriculture and energy policies, with provisions for a single currency and greater integration in the future.
The union operates through supranational and intergovernmental institutions.
Source: Farsnews