Iran’s non-oil exports to the Eurasian Economic Union (EAEU) member countries have increased by 138 per cent, said Mehdi Zeyghami, Iran’s Deputy Industry Minister.

According to Zeigami, more than 300 Iranian companies as well as companies from five EAEU member states, including Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, will participate in the Iran-EAEU business forum. This is reported by Mehr News Agency, a partner of TV BRICS. Strengthening and further developing trade and economic cooperation between Iran and the union’s member states was cited as the main objective of organising the business forum.

Elsewhere in his remarks, the deputy minister of industry said that the implementation of the temporary agreement to set up Free Trade Zone between Iran and UAEU in 2019 doubled the bilateral trade volume in a way that Iran’s exports to the member states of the union registered more than 138 per cent growth.

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