EAEU views Armenia as bridge for expanding cooperation with Iran

YEREVAN, FEBRUARY 8, ARMENPRESS. The Eurasian Economic Union observes the opportunities of active cooperation with Iran. Memberof theBoard- Minister in charge of theDevelopment of Integration and Macroeconomicsof EECTatyana Valovaya told the journalists about this on February 8. “We are greatly interested in Iran and we observe opportunities to deepen economic ties with it. I have to mention that while we were discussing the potentials and advantages that Armenia can receive becoming member of the Eurasian Economic Union, we realized very well that one of those directions would be the deepening of cooperation between Iran and the Eurasian Economic Union”, “Armenpress” reports, Valovaya mentioned.

She added that now, when Armenia is an EAEU member state, the opportunities to cooperate in the spheres of transport, logistics, trade and economy with Iran rise. “Of course, lifting sanctions from Iran creates new, extra opportunities for cooperation. I am convinced that we will witness expansion of economic ties between Iran and EAEU in the near future”, Valovaya concluded.

The Eurasian Economic Union is an international organization for regional economic integration. It has international legal personality and is established by the Treaty on the Eurasian Economic Union, signed on May 29, 2014, which entered into force on January 1, 2015.

The EAEU provides for free movement of goods, services, capital and labor, pursues coordinated, harmonized and single policy in the sectors determined by the Treaty and international agreements within the Union.

The Member-States of the Eurasian Economic Union are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation