Iran plans to sign a memorandum of understanding with the Eurasian Economic Union (EEU) in 2015 to facilitate mutual customs trade, according to Iranian Ambassador to Russia Mehdi Sanaei.
Sanaei said that the Iranian Ministry of Industry, Mining and Trade has been negotiating with the EEU to reduce customs duties between Iran and the EEU member states, the IRNA news agency reported on Wednesday.
“I think that in 2015 we need to work on this so that Iran has concrete economic contracts with the EEU… Iran plans to use this opportunity for its exports to Russia and other [countries],” Sanaei told RIA Novosti in an interview.
“It’s possible that some sort of contract or memorandum on mutual understanding needs to be signed,” the ambassador added.
He said that currently there are high tariffs on Iranian exports to Russia.