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We have signed an agreement with Eurasian countries on transit and swap of wheat. Deputy Head of Iran’s Trade and Agricultural Organization Ali Akbar Mehrfard said on Sunday.
He noted that under the interim trade agreement signed between Iran and the Eurasian states. the volume of trade exchanges between them will increase.
Iran has signed an agreement with Russia and Kazakhstan on transit and swap of wheat. Mehrfard added.
Russia is the world’s largest producer of wheat and exported 43 million tons of wheat last year.
On October 27. the Preferential Trade Agreement (PTA) between Islamic Republic of Iran and EAEU came into effect for 862 products.
The current trade volume exchange between Iran and EAEU stands at $2.6 billion.
This agreement includes 862 products. with 360 related to the EAEU and 502 to Iran.
Head of Trade Promotion Organization of Iran (TPOI) Hamid Zadboum told FNA that the mentioned agreement is an outset of doing free trade and business with Eurasia. preliminaries of free trade with Eurasian zone are provided one year after the implementation of this trade agreement.
There is about two years of chance in order to talk on free trade between Iran and the EAEU.
