BAKU, Azerbaijan, September 15. Iran has registered a 20 percent increase in trade turnover with member states of the Eurasian Economic Union (EAEU) in recent months, Mohammad Ali Dehghan Dehnavi, Iranian Deputy Minister of Industry, Mines and Trade, told reporters, Trend reports.
Dehnavi stated that this growth could play a significant role in boosting the country’s foreign trade and supporting the expansion of production.
He noted that the implementation of the free trade agreement between Iran and the EAEU on May 15, 2025, has created favorable conditions for increasing the country’s exports.
The deputy minister added that, with the cooperation of provincial chambers of commerce, various promotional meetings have been organized for entrepreneurs, and a number of programs have already been implemented across 16-17 provinces.
To note, Iran and the EAEU signed a free trade agreement in Saint Petersburg, Russia, on December 25, 2023. Following the entry into force of this new agreement, trade turnover is projected to reach between $18-20 billion within the next 5-7 years.
On March 15, 2025, Iranian President Masoud Pezeshkian announced the enforcement of the free trade agreement law between Iran and the EAEU to relevant authorities across the country.
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