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Iran’s private sector seeks active role in trade with EAEU countries

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Armenian Prime Minister Nikol Pashinyan, Russian President Vladimir Putin and Iranian President Hassan Rouhani pose ahead of a meeting of the Supreme Eurasian Economic Council in Yerevan on October 1, 2019. (Photo by SPUTNIK via the AFP)

A senior figure in Iran’s business community has called on the government to allow the private sector to have a better share in future trade exchanges with countries member to the Eurasian Economic Union (EAEU).

Morteza Miri, a member of Iran Export Confederation, said on Monday that accession to the EAEU would not lead to maximum benefits for the country if the private sector is not fully involved in new schemes for exports and imports.

“Experience has shown that failing to use the private sector while entering a (trade) treaty has reduced the potentials to reach the objectives,” Miri told Iran’s Tasnim agency.

The comments came as Iran is preparing to officially accede to the EAEU on October 26 through the formation of a joint trade zone which would enable the country to export a total of 70 goods and products to members of the union on zero tariffs while 503 more items would enjoy lower duties.

Iranian President Hassan Rouhani attended an EAEU summit in Yerevan last month, effectively concluding his country’s efforts to join the organization which includes Russia, Armenia, Kazakhstan, Belarus and Kyrgyzstan.

Miri said Iran could have involved the private sector in negotiations leading to the accession to the EAEU as this would have provided the businesses and enterprises in the country with better perspective about future trade relations.

He said Iran’s embassies in the five EAEU countries were supposed to provide businesses and the government with the latest information and analyses on the markets in those countries.

The businessman said accession to the EAEU would lead to various economic, cultural and political benefits for Iran as the union enjoys a powerful status in regional affairs.


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