Under the trade agreement, 87% of tariff codes between Iran and EAEU
member states have been exempted, allowing over 8,000 tariff-free goods to be
exchanged. This could save Iranian exporters approximately $50 million
annually.
Despite these opportunities, challenges such as weak transportation
infrastructure, logistical issues, lack of coordination among government
agencies, product standard risks, and underdeveloped exports of technical and
engineering services limit effective use of the potential.
The commission head added that measures including forming a
specialized Iran-Belarus working group (Belarus currently holds the EAEU
rotating presidency), planning active participation in international
exhibitions such as “RusPlast,” and strengthening economic representative
communications are underway.
He also warned about Iran’s negative trade balance with Russia, with
imports reaching $700 million annually without balanced exports, potentially
causing a trade deficit up to $1.5 billion if unaddressed.