Iran`s Trade Balance with Eurasia Hits $2 Billion

Iran`s foreign trade with Eurasia has reached $2 billion in the first 10 months of the current Iranian year (will end on March 20). a Customs Administration spokesman said.

Ruhollah Latifi said that the amount of imports from the Eurasian Union countries also increased. Iran`s volume of imports from Eurasian countries during the period under review totaled 2.563 million tons in terms of weight and worth $1.06 billion in terms of value. which compared to the same period in the same period last year. showed 41 percent in terms of weight.

The preferential trade agreement with the Eurasian Economic Union came into force on October 27 and applied preferential discounts in respect of 862 import and export goods with the member-states of the economic union said on Tuesday.

Overall. exports to Eurasia over the past 10 months amounted to 2.683 million tons in terms of weight and $19.603 million in terms of value.

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