Iran’s Exports to EAEU Member States Up 70% in Two Months: TPOI
TEHRAN (Tasnim) – A Trade Promotion Organization of Iran (TPOI) official on Monday said that the country’s exports to the Eurasian Economic Union (UAEU)’s member states from March to April 2023 grew 70 percent following the conclusion of Preferential Trade Agreement (PTA) with the Union.
Director of the Department of Central Asia, Russia and Caucasus at TPOI Rahmatollah Khormali revealed the organization of an expert-level meeting of the second round of specialized exhibition of EAEU’s member states in Tehran and added that the first round of the exhibition was held in Tehran in July 2021 with the participation of senior authorities and leading companies of the member states.
Referring to the significance of the 180-million market of these countries for developing the export of non-oil products and their political-economic proximity with Iran as well as the successful completion of talks with the Union’s member states, he stated that the second edition of the exhibition will be held in Tehran on December 4-7, 2023.
Upon the conclusion of the Preferential Trade Agreement (PTA) with the Union’s member states, Iran’s exports to these countries showed a 28 percent growth in 2022 compared to the same period of the previous year, Khormali underlined.
In this period, Iran’s exports to the member states of the Union registered a 70 percent growth in the first two months of the current Persian calendar year (March to April 2023), he said, adding that most of Iran’s products were exported to the Russian Federation and the Republic of Armenia among other countries of the Union.
Elsewhere in his remarks, the official put Iran’s trade exchanges with the member states of the Shanghai Cooperation Organization (SCO) in the first two months of the current year at over $6 billion.
In this period, the value of Iran’s trade exchanges with the Persian Gulf Cooperation Council (PGCC)’s member states exceeded $3 billion, he added.