Iranian Exports to EEU to Enjoy 80-100% Duty Cut

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.

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.

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.

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.

Khosrotaj said the preliminary deal is to be finalized by October this year.

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.

Jul 15, 2017
Financial Tribune |