The State Duma ratified the protocol to the interim agreement leading to the formation of a free trade zone between the Eurasian Economic Union and Iran dated May 17, 2018, at a meeting on Tuesday.
The document was signed in Tehran on March 14, 2022. The interim agreement, which came into force on October 27, 2019, provides preferential import treatment for a limited list of goods.
The interim agreement, which is extended by a protocol, forms the main rules of trade between the EEU and the union's member states and Iran, as close as possible to the rules of the World Trade Organization (WTO). In particular it concerns the application of protective measures and customs administration.
"With regard to the limited nomenclature of goods given in the agreement, obligations are taken to refuse to apply quantitative prohibitions and restrictions on the import of goods subject to liberalization, and provisions fixing the basic WTO standards concerning veterinary, sanitary and phytosanitary measures and technical regulation in relation to such goods," the explanatory materials to the document state.
GSV "Russia - Islamic World"
Photo: آرش (Arche)/Creative Commons 3.0
Based on materials from TASS