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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The U.S. military began a blockade of Iran's ports on Monday, President Donald Trump said, and Tehran threatened to retaliate against its Gulf neighbours' ports after talks in Islamabad on ending the war broke down at the weekend.
Türkiye’s foreign minister has appealed for restraint and diplomacy as tensions around the Strait of Hormuz unsettle global markets, warning that any military attempt to resolve the crisis could deepen instability rather than ease it.
There are cautious signs of progress towards peace, as negotiating teams from the U.S. and Iran consider returning to Islamabad later this week to resume talks aimed at ending the Gulf conflict.
Iran’s mission at the United Nations headquarters in New York has, in a letter to the Secretary-General and the Security Council President, demanded war compensation from five regional states over damages caused during Israeli-U.S. aggression against Iran.
At a time of deepening global polarisation, rising conflict and shrinking space for dialogue, Pakistan is stepping into a historic role. Diplomatic engagements in Islamabad, bringing together regional powers amid the Iran crisis, signal both urgency and opportunity.
U.S. President Donald Trump warned that any Iranian ships approaching ports in the Strait of Hormuz would be "immediately eliminated" on Monday, as the U.S. started its blockade.
The U.S. military began a blockade of Iran's ports on Monday, President Donald Trump said, and Tehran threatened to retaliate against its Gulf neighbours' ports after talks in Islamabad on ending the war broke down at the weekend.
Afghanistan’s Foreign Ministry said on Sunday that talks with Pakistan had been positive, while Türkiye stressed the importance of stronger ties between Kabul and Islamabad.
Centre-right Peter Magyar's Tisza Party has won a landslide in Hungary after a night of counting in the Hungarian election. Viktor Orbán has conceded defeat after 16 years in power. "We have done it. Tisza and Hungary have won this election", Magyar said to cheering supporters in Budapest.
China’s export growth slowed sharply in March, as the fallout from the Middle East conflict pushed up energy and shipping costs, weakening global demand and exposing risks in Beijing’s reliance on manufacturing to drive growth.
A French fashion label is placing China at the heart of its global ambitions, choosing Shanghai for its worldwide debut in a move that shows growing confidence in the country’s consumer market and cultural influence.
Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with many of the reductions expected to affect its marketing division, The Wall Street Journal reported on Wednesday, citing sources familiar with the plans.
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to GasBuddy data, as the U.S.–Israeli war with Iran continued to roil global energy markets.
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