Job offersmore »

Tweeting Growers

Top 5 - yesterday

  • No news has been published yesterday.

Top 5 - last week

Top 5 - last month

Exchange ratesmore »

Iran-EEU trade deal comes into effect on January 21

A preferential trade agreement between Iran and the Eurasian Economic Union is expected to come into effect as of January 21. Between 200 and 250 categories of products are to be included in this PTA, which will span three years.

The Financial Tribune noted that negotiations on the PTA started two years ago. This summer and in autumn, agreements on the trade of mineral and industrial goods as well as agricultural products were reached. Iran exported close to 500 million dollars worth of goods to the EEU member states from March to October and imported nearly 800 million dollars in return.

The main exported products were agricultural products like fruit and vegetables, pistachio nuts and raisins, pharmaceutical products and medical equipment, petrochemicals and oil.

In July the Iranian Deputy Minister of Industries, Mining and Trade said exports to the member states of the Eurasian Economic Union will either be fully exempt from customs duties or enjoy a duty cut of up to 80%.

The EEU, comprised of Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, is an international organization that encourages regional economic integration through the free movement of goods, services and people within the union. The union has an integrated single market of 183 million people and a gross domestic product of over 4 trillion dollars.

Publication date: 12/15/2017



Other news in this sector:

6/25/2018 EIT Food CEO calls for stronger research and innovation in food
6/25/2018 "Air cargo community should create its own supply chain standard"
6/25/2018 "It is now 50/50 for the Pound"
6/25/2018 Dutch cucumber prices dropping drastically
6/22/2018 Switzerland: "We are independent, to guarantee our freedom"
6/21/2018 US: Hourly wages for hired farmworkers have grown steadily
6/21/2018 Mexico: Tomatoes surpass avocados and become second most exported product
6/20/2018 How sealed containers are broken open
6/20/2018 Global ambitions for Australian vegetable growers
6/20/2018 “Difficult Dutch tomato market, but there’s light at the end of the tunnel”
6/20/2018 US: Pricing and demand of Romaine lettuce are off
6/20/2018 US, Spain, and Mexico account for 40% of Peruvian pepper exports
6/20/2018 Spain: End of Canary tomato campaign with lower exports
6/20/2018 Annual growth in labour costs at 2.0% in euro area
6/20/2018 China: Shandong vegetable prices increase
6/20/2018 US (CA): Radicchio welcomes strong demand
6/19/2018 Canadian growers shake their heads at talk of boycotting US goods
6/18/2018 Africa: New programme to boost soil productivity, reduce soil degradation
6/15/2018 America's favourite vegetable is broccoli
6/15/2018 Modernisation creating good competition on the pepper market