IRICA Official Announces Iran’s Trade with EAEU

Spokesman of the Islamic Republic of Iran Customs Administration (IRICA) Seyyed Rouhollah Latifi put the trade volume exchanged between Iran and Eurasian Economic Union (EAEU) in the first 10 months of 1398 (March 2019-20) at US$2 billion. He made the remarks late on Tuesday, and said that Iran’s volume of products imported from EAEU in the first 10 months of 1398 (March 2019-20) showed a 41% hike as compared to the same period of last year.

A Preferential Trade Agreement (PTA) was implemented between Iran and Eurasian Economic Union on Oct. 27, he said, adding, “some 2,683,000 tons of products, valued at US$861,019,603, were exported to EAEU over the past 10 months of the current Iranian calendar year.” He went on to say that the volume of products exported from Iran to EAEU registered a 114% and 72% hike in terms of weight and value respectively as compared to the same period of last year. -  Mehr