Taghribnews (TNA) - Iran-EAEU trade value crosses $1.3bn in 5 months, IRICA says

President of the Islamic Republic of Iran Customs Administration (IRICA) says the trade value exchanged between Iran and Eurasian Economic Union (EAEU) in the first five months of the current Iranian year is more than $1.3 billion.

He added that the value of trade exchanged between Iran and EAEU member states in the first five months of the current Iranian year was $1,326,394,000.

The Iranian official also pointed to the salient measures taken by his administration in line with the implementation of the Preferential Trade Agreement (PTA) between Iran and EAEU to increase the volume of foreign trade among its members and highlighted that Iran took three measures in three intra-organizational, national and international sections which led to 30% hike in bilateral trade during the mentioned period.
He also explained that the total of necessary measures taken by IRICA led to reduced fulfilling customs formalities between EEU member states and acceleration of customs clearance activities.
Iran exported non-oil products to EAEU member states, valued at about $522,141,000, from March 21 to August 21, 2022, showing a 15% growth compared to the same period of last Iranian year, he added.
During this period, Iran’s top products were exported to the EAEU member states, including Russian Federation, Armenia, Kazakhstan, Kyrgyzstan, and Belarus, Moqaddasi concluded.