Entry into force of free trade agreement between EEU and Iran is a priority –Pashinyan

Given the high dynamics of cooperation with Iran, the entry into force of the free trade agreement between the Eurasian Economic Union (EEU) and Iran is a priority in the context of expanding trade cooperation with third countries, Armenian Prime Minister Nikol Pashinyan said at a meeting of the Supreme Eurasian Economic Council in Moscow today.

He noted that in 2022 systematic work was carried out to form a mutually beneficial partnership outside the EEU using various formats of interaction.

“Continuing work on priority and promising negotiation areas such as India and Egypt, as well as developing a comprehensive dialogue on the economic agenda and deepening trade and economic cooperation with the UAE and Indonesia will give an additional impetus to the EEU’s integration into the global economy,” he said.

Pashinyan stressed that despite the achieved results and based on the current realities, it is necessary to promptly lay down effective mechanisms of interaction with partners from third countries, which will lead to the creation of conditions for the stable development of the countries’ economies.

“In conclusion, I would like to reaffirm once again the readiness of the Armenian side to implement joint projects aimed at achieving mutually acceptable solutions on important issues of the functioning of our integration association,” he said.

Iran and the Eurasian Economic Union signed a free trade agreement on January 19, 2023.

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