EAEU to wrap up talks on free trade zone with Iran, Egypt once tariff concessions agreed

The Eurasian Economic Union (EAEU) will start finalizing negotiations on a free trade zone with Egypt and Iran and will sign relevant agreements after resolving the issues related to abolishing or reducing customs duties on a number of agricultural and industrial goods, a spokesperson with the Economic Development Ministry told TASS.

"As part of the EAEU, we now have a rather rich negotiating agenda with third countries. Negotiations with Iran and Egypt are at an active stage, where we have to find solutions on a limited list of issues, primarily with regard to the abolition or reduction of customs duties on a number of agricultural and industrial goods," the spokesperson said.

In early October, it was reported that work on the regulatory part of a full-fledged agreement on a free trade zone between the EAEU and Iran was almost completed.