“Free trade area between EEU and Iran will improve transport and logistics infrastructure of the parties”
The main barriers encountered by the business in the transport and logistics activities in the countries of the Eurasian Economic Union (EEU) and the Islamic Republic of Iran, as well as the formation of a logistics business environment and access of the Union's transport companies to the Iranian market were discussed at the seminar "EEU - Iran: Improvement of the transport and logistics corridor ". This seminar took place on August 25 during the international exhibition forum “Eurasian Week". The work on the preparation of the interim agreement leading to the establishment of a free trade area with Iran is at the completion stage.
In the course of her speech, Veronika Nikishina, Member (Minister) of the Trade Board of the EEU, made a point of developing trade relations between Iran and the Union as a motivation for improving the logistics infrastructure: "In this sense, the work that the EEU is currently conducting with Iran on the transition to free trade area is very relevant. Our task is to ensure the regulatory trade environment between the Union and Iran to a qualitatively new level, which will stimulate the development of all interrelated elements, including transport and logistics."
According to the participants of the seminar, liberalization of the trade area will promote the export of both sides, and also simplify the delivery procedures which will give a new impact on the development of the entire region.
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