Tehran is slated to host the second exclusive exhibit of the Eurasian Economic Union (EAEU) from December 4-7, showcasing the capacities of EAEU member states alongside their Iranian counterparts, according to an official from Iran’s Trade Promotion Organization (TPO).
Rahmatollah Khormali, director general of TPO’s Central Asia, Caucasus and Russia Office, confirmed on Monday that the second iteration of the Iran-EAEU exhibition would occupy an area surpassing 5,000 square meters. The event, set to run from December 13-16 in Tehran, will see increased participation from officials and companies.
Emphasizing the EAEU’s vast market of 180 million consumers, Khormali highlighted its significance for the expansion of Iran’s non-oil exports and the political and economic ties with the country.
The exhibition is poised to showcase a diverse range of sectors including industry, agriculture, and mining, with numerous specialized conferences to be held concurrently. These conferences will explore various topics such as infrastructure, transportation, the International North-South Transit Corridor, monetary policies, customs, trade agreements, and scientific collaborations.
Khormali revealed that Iran’s exports to Eurasian nations witnessed a 70% hike during the first two months of the current Iranian year (March 21-May 21) relative to the same period last year.
He further stated that Russia and Armenia were the leading importers of Iranian goods during the specified period.
In 2018, Iran and the EAEU agreed on a preferential trade deal that currently covers approximately 862 commodity items with preferential tariffs. The agreement came into force on October 27, 2019.