Automobiles are not included in the list of goods for which customs duties are liberalized under the free trade agreement between the EAEU countries and Iran. A source from the Eurasian Economic Commission (EEC) reported this to socialbites.ca.
“The new agreement provides for the liberalization of customs duties on a wide range of industrial goods. At the same time, the most sensitive products, which include passenger cars, were not included in the list of goods for which liberalization of import conditions was provided,” said socialbites.ca’s interlocutor at the EEC commission.
On Monday, Eurasian Economic Union (EAEU) countries signed a full-scale free trade agreement with Iran, the ceremony was held in St. It was held in St. Petersburg. The agreement will replace interim agreements that have been in place since 2019. The parties expect a significant increase in the supply of food and industrial products, which will lead to a threefold increase in trade turnover (up to 18-20 billion dollars in five to seven years).
It is also expected that lowering taxes on components will help facilitate localization of production. The EAEU includes five countries: Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan.
Previously Russian President Vladimir Putin said About duty-free access of EAEU goods to the Iranian market.