Russia expects to make free trade zones agreement with Israel, Singapore, India, Egypt and Iran in coming future, First Deputy Minister of Industry Sergey Tsyb said on Wednesday, Trend reports referring to TASS.
Russia and Iran can sign the document that is expected to become a blueprint for free trade between Iran and the EEU (Eurasian Economic Union) countries in May, Russia’s Energy Minister and co-head of the Russian-Iranian intergovernmental commission Alexander Novak said at a meeting of the commission March 6, TASS news agency reported.
Iran is ready to make tariff concessions on a wide range of agricultural products, excluding wheat, refined oil, mineral water and cigarettes, within a free trade zone with the Eurasian Economic Union that is in the making.
Iran and the Eurasian Economic Union (EAEU) have finalized an agreement to create a free trade zone.
