Iran has had a preferential trade agreement with limited coverage with the Eurasian Economic Union for three years.
When this agreement was implemented, the total trade volume between the two parties was $2.5 billion, which has now reached $5 billion.
The Advisor for International Affairs and Trade Agreements of the Iranian Trade Development Organization said: Currently, the main products imported by Iran from the member countries of the Eurasian Economic Union are basic products such as as wheat, corn, barley, oilseeds, etc.
He also added regarding the forecast of Iran's trade volume with Eurasian countries till the end of 1401: Various factors are involved in this matter and it is not easy to predict the trade volume of Iran. Iran with the Eurasian Union, but in the last two months, trade between the two sides has increased significantly.
Sidi added: Study results show that the trade volume between Iran and the Eurasian Economic Union is close to $30 billion and there is room for growth.
He pointed out: Considering the measures taken and the emphasis placed by the Iranian Trade Development Organization on this area, it is hoped that the increase in Iran's trade with the member countries of the Eurasian Union will continue with a higher growth rate this year as well.
The Advisor for International Affairs and Trade Agreements of the Iranian Trade Development Organization said: The Eurasian Union, although having more than 180 million inhabitants, is a vast land with relatively diversified products.
He added, "Iran has many import needs and now this need is being met by different countries."
Sidi recalled: Various goods are produced in the Eurasian market, but there are fewer imports from this area. For example, red meat has been found in abundance in this market, but for various reasons this product is traditionally imported from different countries like Brazil, and there is less desire to import red meat from the Eurasian market.