EAEU, Iran Trade Exchange Hits $2bn: IRICA

Date: 19 February 2020 - 22:08

News ID: ۷۶۳۴۵

TEHRAN (Dispatches) – Spokesman of the Islamic Republic of Iran Customs Administration (IRICA) Seyyed Rouhollah Latifi has put the trade volume exchanged between Iran and Eurasian Economic Union (EAEU) in the first 10 months of the current year (March 21, 2019– Jan. 20, 2020) at $2 billion.
Latifi said that Iran’s volume of products imported from EAEU in the first 10 months of the current year (from March 21, 2019 to Jan. 20, 2020) showed a 41 percent 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 $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 percent hike in terms of weight and value respectively as compared to the same period of last year.