News ID: 218124
Published: 0315 GMT July 11, 2018

EEU-Iran FTZ agreement expected to boost Belarus' export

EEU-Iran FTZ agreement expected to boost Belarus' export

The provisional agreement to establish a free trade zone between the Eurasian Economic Union (EEU) and Iran can help double Belarus' exports to this country, said a member of the board and minister for Trade at the Eurasian Economic Commission.

According to BelTA, Veronika Nikishina further said in Minsk, "I am convinced that due to its close integration into the EEU, Belarus will be able to maximize its benefits from trade and economic deals. Projections and modeling results suggest that Belarus' export growth will be among the highest in the EEU."

The provisional deal that provides for the establishment of the free trade zone with Iran can generate a 101.13 percent increase in Belarus' export, Nikishina said.

Apart from trade agreements with third countries, the EEU minister updated the participants of the seminar on elaboration and implementation of laws regulating foreign trade of the EEU member states, including customs regulations, product labeling, use of special protective and antidumping measures, provision of preferential terms for third countries and cooperation with international organizations.

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