Baku:The Iranian Minister of Industry, Mine, and Trade has emphasized the need to eliminate trade barriers and encourage direct interactions among companies and the private sectors of member states involved in the Iran-EAEU free trade agreement. This initiative aims to foster stronger trade cooperation.

According to Islamic Republic News Agency, the second meeting of the Joint Committee for the Implementation of the free trade agreement between Iran and the Eurasian Economic Union (EAEU) took place on October 14. Key participants included Seyed Mohammad Atabak, Iran's Minister of Industry, Mine, and Trade, as well as Andrey Slepnev, EAEU Minister in charge of Trade, along with ambassadors from the member states.

Minister Atabak highlighted the union's extensive population of over 180 million and its considerable geographic reach, which provide diverse opportunities in sectors such as energy, transportation, industry, agriculture, and trade.

He further noted that in 2025, the value of Iran's trade with EAEU member states surpassed $7 billion, reflecting a 25 percent increase from 2024. During this period, Iran's non-oil exports were approximately $2.149 billion, while imports from these states were around $4.928 billion.

In the first eight months of 2026, the value of bilateral trade exchanges was estimated to be about $4.486 billion.

Andrey Slepnev, representing the EAEU, assured the Iranian people of the continued support from the governments and members of the Eurasian Economic Commission during challenging times, affirming their status as reliable partners for cooperation.