Tehran (IP) - Iran’s first exclusive Eurasian Economic Union (EAEU) exhibition, which is a platform to showcase the capabilities of the EAEU members and their Iranian counterparts, is underway at Tehran Permanent International Fairgrounds.

Iran PressIran news: In addition to Iranian companies, 30 companies from Russia, 30 companies from Kyrgyzstan, more than 10 companies from Armenia, ove 10 companies from Kazakhstan, and companies from Belarus have participated in the exhibition.

The first Eurasia Expo 2021 – Tehran is an opportunity to introduce the export capacities of Iran and the member countries of the Eurasian Economic Union.

The exhibition is being held for 4 days (July 9 and until July 12) from 10 am to 6 pm under the health protocols of the corona era.

The companies participating in this exhibition are active in banking and finance, technology transfer, construction of large factories, silos, ports, wharves, oil tanks, shipbuilding, steel, cement, and large sellers of livestock inputs and oil agricultural products.

On the first day of the event, the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and the Eurasian chambers of commerce held a meeting to exchange views on boosting trade between the two sides.

Iran and Eurasian Economic Union reached a free trade agreement in October 2018 based on which about 862 commodity items were subjected to preferential tariffs.

The interim agreement enabling the formation of a free trade area between Iran and the EAEU was signed on May 17, 2018, and officially came into force on October 27, 2019.

Iran is a significant market in the region, and the development of ties with this country is of high significance for the EAEU members.

The free trade agreement between Iran and the union has laid the ground for expanding trade ties between the two sides.

The agreement with the bloc has increased Iran’s exports to the EAEU member states significantly, which is a turning point for the Islamic Republic's plans for boosting non-oil exports during the US sanctions.

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Eurasia Expo 2021; opportunity to expand Iran-EAEU trade ties

Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin
Photo: Moosa Taghavi Namin