After several years of negotiations, Iran and Eurasian Economic Union (EAEU) finally reached a free trade agreement (FTA) in 2018 based on which about 862 commodity items are subject to preferential tariffs. The interim agreement, enabling formation of a free trade zone between Iran and the EAEU, was signed on May 17, 2018 and officially came into force on October 27, 2019.

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