Iran to Join Eurasian Economic Union – Diplomatic Sources
NOVANEWS
Iran is finalising its agreements to join the EAEU. Iran could be a full member as early as February of 2018.
By Adam Garrie
The Duran
Iranian media has cited a statement from Behrouz Hassanolfat, the director of Europe and Americas Department of Iran’s Trade Promotion Organization, indicating that Iran will formally join the Eurasian Economic Union (EAEU) in early 2018.
The EAEU was formed in 2014 to create a common market, free of trade barriers among the major economies of Eurasia. The Russian initiated trading bloc also includes Armenia, Belarus, Kazakhstan and Kyrgyzstan.
The body is considered a vital component of what is known as the BRICS + format which includes Brazil, Russia, India, China and South Africa working in tandem with trans-continental partners.
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