Iran's parliament ratified a free trade agreement with the Eurasian Economic Union, paving the way for stronger economic ties with the regional bloc
The agreement allows Iran to export tariff-free to EAEU member states , including Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia, on about 87% of its trade.
EAEU members have completed their parliamentary approvals, clearing the way for the new trade regulations.
Covering around 500 goods, the deal offers Iran expanded market opportunities, expected to boost economic growth and trade with EAEU nations.
A senior official from Iran’s Trade Promotion Organization (TPO) said that the country would start implementing the free trade deal with the EAEU within the next two months.
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Russian and Iranian foreign ministers met in China to discuss the nuclear issue, emphasizing diplomacy as the only path forward while reaffirming Iran’s right to peaceful nuclear development.
Iran has warned it will respond to any move by Western powers to reinstate United Nations sanctions over its nuclear programme, though it has not specified what form that response would take. The statement came from Foreign Ministry spokesperson Esmaeil Baghaei during a press conference on Monday.
Iranian Foreign Minister Abbas Araqchi will pay an official visit to China today, with a goal to participate in a meeting of the Shanghai Cooperation Organization (SCO) Council of Foreign Ministers. The meeting will be held in Tianjin on 15th July.
Iran has opened the first phase of its largest solar power plant as part of a major government programme to expand renewable energy capacity.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Authorities in North Carolina are investigating three potential storm-related deaths linked to severe flooding from the remnants of Tropical Storm Chantal, officials said Tuesday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Two student pilots were killed when two single-engine training aircraft collided mid-air in southern Manitoba, Canadian authorities confirmed on Tuesday.
U.S. consumer prices rose at their fastest pace in five months in June, signaling the early impact of tariffs on inflation. However, subdued demand and falling service prices may keep the Federal Reserve cautious about rate changes.
Dashkesan Iron Ore LLC, a subsidiary of CJSC AzerGold, has signed an agreement with China's Sinosteel Equipment & Engineering Co., Ltd. to conduct a feasibility study for building a production chain the Dashkesan iron ore deposits complex.
Tesla's highly-anticipated entry into India has finally happened with the opening of its first showroom — nine years after CEO Elon Musk first hinted at its launch.
An Italian court has placed LVMH group's high-end Italian cashmere firm Loro Piana under judicial administration for a year after allegedly uncovering worker abuse inside its supply chain, in the latest in a string of cases that have tainted the image of Italy's luxury brand.
A Moscow court has ruled that the assets of U.S.-owned canned food company Glavprodukt be handed over to the Russian state, the TASS news agency reported late on Friday, ending a months-long legal tussle over the company.
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