Iran will become a major partner for the Eurasian Economic Union (EAEU), the union’s minister in charge of trade confirmed.

Andrey Slepnev made the remarks in a meeting with the Iranian Ambassador to Moscow Kazem Jalali, about the planned signing of the free trade agreement between Iran and the EAEU.

He also called the agreement the most important cooperation document between the two sides.

Jalali, for his part, said the free trade agreement is the result of intensive negotiations and the will of the two sides to develop their relations.

In 2018, Iran and the EAEU inked a preferential trade agreement (PTA), which came into effect on October 27, 2019.

The two sides later began negotiations to upgrade the PTA to a free trade agreement (FTA) after the success of the former.