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Israel and Iran plan to start free trade with EAEU

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Israel and Iran plan to start free trade with EAEU


15.02.2019

Photo: vestikavkaza.ru

Israel and Iran intend to sign a free trade agreement with the Eurasian Economic Union (EAEU) in the near future, The Times of Israel reports. Connection to the union will entail cooperation in the customs sphere, the removal of trade restrictions, the expansion of online commerce and other preferences, RBC informs. 

The Israeli newspaper reported on an agreement with the EAEU, citing a representative of the Israeli Ministry of Economy, who said that the negotiations began in the spring of 2018 and Israel would join the free trade zone in the very near future. 

The agreement, which Israel intends to sign, does not imply interaction with Iran, which also plans to become a trading partner of the EAEU in the near future, according to The Times of Israel. Iran and Israel have differences on a number of issues on the international agenda, and the trade agreement with the EAEU does not put obligations for trade cooperation with each other. 

The First Deputy Minister of Industry and Trade of Russia Sergey Tsyb spoke about five countries that are considering a possible partnership with the EAEU in February 2019. It was about India, Egypt and Singapore, along with Israel and Iran. The document was signed by Vietnam four years ago. Over the years, the EAEU has grown into purely economic cooperation and contributes to the rapprochement of peoples in the countries of the Union. Russkiy Mir reported that the participating countries were considering the creation of a television channel dedicated to the EAEU.

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