Iran’s trade with the Eurasian Economic Union (EEU) has grown by 16% in the first eight months of the current Iranian calendar year (March–October 2025), according to the head of Iran’s Trade Development Organization.
Mohammad Ali Dehghan Dehnovi highlighted the significant progress in exports, noting that private sector businesses and traders have benefited from the opportunities provided by trade with the five EEU member states.
He stated that a new trade agreement with the EEU was finalized on May 2025, replacing the previous free trade agreement. Under the new deal, 87% of Iran’s trade with the EEU is now eligible for zero tariffs, signaling strong potential for further trade expansion.
He emphasized that Iran still has substantial untapped trade potential with the EEU, particularly with Russia, where an estimated $12 billion in trade opportunities remain. “We must capitalize on this potential,” he said.
The new agreement has removed tariff barriers, allowing Iranian producers and exporters to access the EEU market without additional duties.
Dehghan Dehnovi also mentioned that Iran is aligning with international standards in areas such as certification and insurance to facilitate smoother trade relations.
To further strengthen ties, the fourth edition of the Eurasia International Trade Exhibition will be held from February 1 to 4. Dehghan Dehnovi described the event as a crucial platform to showcase Iran’s trade capabilities and promote business cooperation.
In addition to the exhibition, an economic cooperation summit between Iran and the EEU will be held to enhance coordination and mutual engagement. These initiatives aim to deepen economic integration and open new avenues for bilateral trade and investment.
