It became known, that the Eurasian Economic Union signed another agreement on free trade zone with one of the "external" countries. This state becomes Iran. Aware of, that the parties put their signatures under the document 17 May. The agreement yet to be temporary. FTA with Iran will be valid until 2022 year with possibility of extension.
Today it became known that, US President Donald Trump instructed the administration to work out measures to reduce Iranian oil purchases. Over time, the US is planning to completely abandon the purchase of Iranian oil, than remain dissatisfied with American companies, already adapted to the resale of oil, produced by Iran.
so, returning to the free trade zone with Iran: FTA will enable free trade in several areas.
It should be noted, Iran - it is also a huge market. The population of this country is about 82 million people. GDP purchasing power parity - 1,5 trillion dollars, and it is the 18th largest in the world. In recent years, Iran has grown at a fast pace industry - an average of about 4% in year.
Iran has a positive trade balance. For the last 10 years almost halved the number of inhabitants, living below the poverty line: from 19 to 11%. The main problem of the Iranian economy remains high inflation - over 16% and a relatively high unemployment rate - about 10%.
