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Armenia's presidency an additional boost to EAEU's foreign economic component - FM
2019-06-10 14:47:19

Armenian has contributed to the development of the foreign economic component of the Eurasian Economic Union (RARU), Armenia’s Minister of Foreign Affairs Zohrab Mnatsakanyan said at parliamentary hearings on “Armenia’s presidency of EAEU: Challenges and opportunities.”

“Armenia’s political and economic ties with Iran created conditions for the Union to access the Middle Eastern region, which resulted in the signing of an interim agreement on free trade zone between EAEU and Iran on March 17, 2018,” Mnatsakanyan said.

The Minister noted that the implementation of the agreements with Iran and China, as well as the completion of negotiations with Singapore, Serbia, Egypt, Israel and India would be an additional boost to the process of EAEU’s further integration with world economy.

Iranian lawmakers on Monday ratified a joint free-trade agreement between Iran and the Eurasian Economic Union (EAEU) member states.

The bill was ratified during a Parliament open session on Monday, which allows the government to start exchanging documents with EAEU member states on establishing a joint free-trade zone with the bloc.

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