... exhibition “Eurasia Expo” in Tehran on July 9–13, 2021, are beneficial and effective actions that need to be encouraged in the future. In this process, it is very important that the new conditions that will be created after the upgrade of the EAEU-Iran PTA to an FTA are clearly explained to the businessmen and chambers of commerce.
Overall, the implementation of the EAEU-Iran PTA is a very important development that has taken place in recent years in Iran's relations with Eurasia. This agreement has had a very ...
... integration arrangements and their development institutions where BRICS countries are members. Such a platform could have the BEAMS concept as its core — namely cooperation among the key regional integration initiatives of BRICS economies such as BIMSTEC, EAEU, ASEAN-China FTA, Mercosur and SADC/SACU. This circle of cooperation could be
complemented
by platforms between regional development banks/regional financing arrangements and NDB/BRICS CRA respectively.
One of the ways to upgrade/modernize this BRICS+ concept into ...
... which
grew
by 51.5% as compared to 2019, surpassing $1.2 billion. This is significant, as for the previous ten years imports had not exceeded $1 billion. In other words, the Iranian economy benefited significantly more from the establishment of the FTA than the EAEU, at least during the initial stages of the deal. What is more, this had to do with non-oil sectors of Iran’s economy, as EAEU imports are primarily based on agricultural products.
At the same time, Iran occupies a relatively insignificant place ...
... economic relations. Emerging trends include the improved quality of integration and the shaping of the Union as a pragmatic and responsible partner involved in international relations as an independent actor.
Elena Kuzmina:
Free Trade Zones with the EAEU
The EAEU is improving its institutions and mechanisms for regulating trade and economic cooperation, reducing the number of barriers to ensure the complete freedom of movement of goods, services, labour resources and capital within the single customs ...
... non-preferential
agreement
will work first.”
The Prospects of Developing the FTA Format with other States
Negotiations are currently are underway on the establishment of FTAs with several states. Serbia will be the next country to sign an FTA agreement with the EAEU (the FTA Agreement was signed on October 25, 2019 – Ed.). Deputy Prime Minister of Serbia and the Minister of Trade, Tourism and Telecommunications, Rasim Ljajić,
said
that the EAEU–Serbia Free Trade Agreement is scheduled to be signed in Moscow in late ...
... Putin hopes that with the establishment of a free trade area between India and the EAEU, additional opportunities for diversifying trade will be created. However, there is not much progress being made in this field. Negotiations are still going on the FTA between India and EAEU. The trade between the EAEU members and India is still low. The trade volume between New Delhi and the member states stood at $7.3 billion in 2016, a dip from $7.6 billion in 2012. In contrary, India’s trade volume with the US and China is higher ...
Working Paper No. 37/2018
This working paper explores the prospects, risks and positive effects of Serbia joining a Free Trade Agreement
with the EAEU. An analysis of current free trade agreements has demonstrated that Serbia strives to maintain a
multi-vector foreign economic policy that straddles Europe and Eurasia. Serbia’s agreements with its European
partners clearly reflect its tendency ...
... diasporas and
USD 126.7
billion of bilateral trade over the years and continues to grow. Today, Indian businesses are more dependent on the U.S and Europe as preferred markets than Russia.
A survey report
on the prospects of Free Trade Agreement (FTA) between India and Eurasian Economic Union (EAEU) prepared by Federation of Indian Chambers of Commerce (FICCI), has highlighted the series of challenges faced by the Indian businesses in the EAEU region. Over 80% of the total respondents have their businesses in Russia and expect better market ...
... in the course of the meeting: current tendencies of Russia’s economic and socio-political development. prospects for Russia-New Zealand economic and political cooperation, and the opportunities for free trade zone creation between New Zealand and EAEU countries. Ian Hill, Ambassador of New Zealand to Russia, moderated the meeting.
