Iran-EAEU trade rises 22%
The volume of trade between Iran and the Eurasian Economic Union increased by 22% last year, reaching $7.3 billion, despite regional challenges and tensions. The first meeting between the two sides focused on ways to develop economic and industrial cooperation, with an emphasis on expanding exports of high value-added industrial goods such as home appliances, automobiles, and pharmaceuticals. They also discussed strengthening value chains and fostering joint investments in vital sectors like energy and chemical industries. Additionally, participants addressed removing technical barriers and customs hurdles, moving from mere commodity exchange to productive collaboration and technology transfer.
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