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Iran facilitates imports from Kazakhstan

Tehran, Based on the draft law on the ratification of the temporary agreement to create a free trade zone between the Eurasian Economic Union and Iran, Tehran facilitated imports from Kazakhstan.

According to Kazakh media 'Kazinform International News Agency', Serik Zhumangarin, Vice Minister of National Economy of Kazakhstan said 'In accordance with the Agreement, the Iranian side reduced import customs duties for 864 commodities.

He added It is planned to reduce the customs duties on beef and mutton from 26 percent to 510 percent, on pulses from 55 pct to 510 pct, on vegetable oil from 20 pct to 10 pct.

The Agreement will enter into force 60 days after the completion of the ratification procedures and will be valid for three years, Zhumangarin noted.

He went on to say in 2018, the value of mutual trade between Kazakhstan and Iran reached $516.3 million.

This includes $426.7 million (82.6 percent) of Kazakhstan's exports to Iran, $89.5 million of imports from Iran, he added.

As a Central Asian country, Kazakhstan mainly exports barley, rolled steel, rapeseed, and mutton.

Source: Islamic Republic News Agency IRNA

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