The Eurasian Economic Union ensures the free movement of goods, services, and capital between its member states
Iran and the Russia-led Eurasian Economic Union (EEU) on Thursday sealed a memorandum on free trade, RIA Novosti reports.
According to the media outlet, the signing ceremony took place in Tehran on the territory of the International Exhibition Center. The document was reportedly signed in the presence of Deputy Minister of Industry, Mine and Trade Alireza Peyman-Pak, who is also the head of Iran’s Trade Promotion Organization.
The EEU, which is based on the Customs Union of Russia, Kazakhstan and Belarus, was established in 2015. It was later joined by Armenia and Kyrgyzstan. The union is designed to ensure the free movement of goods, services, capital, and workers between member nations.
Iran has previously been able to exchange goods with EEU member states on the basis of preferential trade. The union has provided discounts for Iranian goods, while Tehran has granted preferences to items originating from the Eurasian bloc.
News that the Islamic Republic is joining the EEU free-trade zone comes as cooperation between Russia and Iran has started expanding rapidly amid Western sanctions against the two countries. Between January and October 2022, trade turnover between Moscow and Tehran reached $4 billion, surpassing the figure for all of 2021, according to Russia’s Customs Service. Russian exports to Iran surged by 27%, while imports from the country jumped by 10%, the data showed.
READ MORE: New trade route helps Russia and Iran bypass sanctions – Bloomberg
Last year, the nations reached a number of agreements, including arrangements for the purchase of aircraft equipment, and for the joint construction of gas pipelines and gas field development.
https://www.rt.com/business/570141-iran-russia-free-trade-zone/
Any moment now I am expecting John Cleese (a veteran of Monty Python) to jump out of the bushes and announce the creation of the Ministry of Silly Wars, with Donald Trump as the deranged leader. For you youngsters out there, Monty Python’s skit, The Ministry of Silly Walks, helped make the members of MP legends. I had to reference Monty Python because the line of bullshit the Trump administration is feeding the American people and the world about the amazing, obliterating US attack on Iranian nuclear sites on Sunday morning, is more ridiculous that all of the silly walks pictured in the following video:
My hopes that Donald Trump would finally act like a responsible adult are dashed. He’s a dangerous buffoon. While the team around him are working frantically to maintain the fiction that Trump has a vision and is calling the shots on the foreign policy front, he is careening around the globe like an out-of-control cue ball on a billiards table. It started a week ago… first, he claimed...
Tuesday marks the third anniversary of the launch of the Fujian, China's first aircraft carrier equipped with electromagnetic catapults. Official media said China is about to enter a three-aircraft-carrier era, with the Fujian expected to enter service by 2025.
After the launch of the Fujian on June 17, 2022, it carried out its first sea trial from May 1 to 8 in 2024. Since then, the Fujian has completed multiple sea trials, accumulating more than 100 days of sea trial, China Central Television (CCTV) News reported on Tuesday.
Wei Dongxu, a Chinese military affairs commentator, said that the aircraft carrier Fujian has been making steady progress in sea trials, and is expected to be commissioned within this year, CCTV News reported.
With a full displacement of more than 80,000 tons, the Fujian is the world's first conventionally powered aircraft carrier to feature electromagnetic catapult technologies, according to CCTV News. The report noted that it will carry a wide variety of carrier-borne...
Chinese President Xi Jinping said Tuesday that China and Central Asian countries have explored and formed the China-Central Asia Spirit, which features mutual respect, mutual trust, mutual benefit, mutual assistance, and the pursuit of common modernization through high-quality development.
Xi made the remarks in his speech at the second China-Central Asia Summit in the Kazakh capital of Astana.
Xi said that the Chinese side has decided to establish three cooperation centers and a trade facilitation platform within the China-Central Asia cooperation mechanism.
When addressing the summit, Xi said these institutions include the China-Central Asia poverty reduction cooperation center, the China-Central Asia education exchange cooperation center, the China-Central Asia desertification control cooperation center, as well as the China-Central Asia trade facilitation cooperation....more below
