YEREVAN, AUGUST 25, ARMENPRESS. During the Eurasian Intergovernmental Council session, PM Hovik Abrahamyan has reached an agreement on the formation of a free trade zone with Iran.

“For a long time there was the idea of creating a free trade zone with Iran, however it wasn’t documented. During the latest visit of the Prime Minister, an agreement has been reached on creating a free trade zone with Iran. This is important, because it will allow creating good relations in terms of production of goods and provision of services, both Iran-EEU, and in terms of exporting goods which were produced here to other countries – benefiting from those trading regimes, which Armenia has with Europe, USA, Canada and other countries”, Economy Minister Artsvik Minasyan said.

The Minister said the agreement between the EEC and Iran was reached based on the proposal of PM Abrahamyan, and now the main task for Armenia is having legislative guarantees.

For this goal, a draft has been put into circulation on the free trade zone formation, which is in stage of agreements, and soon targets and directions will be facilitated even more.

Asked if Armenia will have the chance to have a free trading zone with Iran not depending on Russia, the Minister said this status has been given to Armenia from the very beginning, no additional document signing is planned between Iran and EEU and moreover there is no need for that.