8 Dec 2018 17:15

Tehran wants to start implementing FTA with EAEU as soon as possible

TEHRAN. Dec 8 (Interfax) - Iran's Energy Minister Reza Ardakanian has confirmed, at a meeting with State Duma speaker Vyacheslav Volodin, his country's intention to ensure the free trade agreement (FTA) with the Eurasian Economic Union (EAEU) comes into force as soon as possible.

"Iran confirms the intention to ensure swift commencement of the provisional agreement to create an FTA between the EAEU and Iran," Ardakanian said according to one of the meeting attendees.

The agreement was signed at an economic forum in Astana on May 17, 2018.

The EAEU was created on the basis of the Customs Union and the Common Economic Space. The union has functioned since 2015. It comprises Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan.