<p dir="LTR"><span>Financial Tribune –Exports to the member states of Eurasian Economic Union, namely Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, will either be fully exempt from customs duty or enjoy a duty cut of up to 80%, deputy minister of industries, mining and trade, Mojtaba Khosrotaj, has announced.</span></p> <p dir="LTR"><span>A draft agreement between Iran and EEU was signed in Yerevan, Armenia, on July 5 after more than a year of negotiations for levying preferential export tariffs on 350 Iranian industrial products in return for 180 commodities from EEU.</span></p> <p dir="LTR"><span>The agreement was signed by Khosrotaj, who is also chairman of Iran’s Trade Promotion Organization, and Trade Minister of EEU Veronica Nikishina, IRNA reported.</span></p> <p dir="LTR"><span>Khosrotaj said the preliminary deal is to be finalized by October this year.</span></p> <p dir="LTR"><span>Noting that exports of construction materials, including tiles and ceramics, to EEU will be subject to 80% customs duty cut, the TPO chief added that downstream petrochemical products, cables and pipes as well as metal and glass products are to enjoy a range of tax and duty exemptions.</span></p>