Free Trade Zones

Iran and Russia take further steps to expand comprehensive relations

TEHRAN – The head of Iran’s Trade Promotion Organization (TPO), who visited Russia from June 15-17 to attend the 25th St. Petersburg International Economic Forum, held talks with senior Russian officials in margin of the mentioned event.

During her three-day stay in St. Petersburg, Alireza Peyman-Pak met with Russian Deputy Prime Minister Alexei Overchuk, Construction and Housing Minister Irek Faizullin, Trade Minister of the Eurasian Economic Commission (EEC ) Andrey Slepnev, as well as , Maxim Sokolov, former Minister of Transport and head of the country’s main automobile company, Avtovaz.

Completion of Iranian Rasht-Astara Railway

During the meeting with Overchuk, the Russian official expressed his country’s readiness to complete the Rasht-Astara railway in Iran to develop the north-south corridor.

“Russia is ready to build the 162 kilometer long Rasht-Astara railway for Iran,” he said.

Peyman-Pak for his part highlighted Russia’s role in modernizing Iran’s rail and maritime transport fleet in the Caspian Sea, as well as in renovating the country’s road fleet.

He suggested that Iran join the Eurasian Economic Union (EAEU) as an observer member.

Currency issues, the formation of a joint production task force, the supply of industrial parts to Russian factories from Iranian manufacturers and the establishment of joint free zones in northern and southern Iran were also among the topics discussed at this meeting.

Import of building materials from Iran

The head of the TPO also met with Russian Construction and Housing Minister Irek Faizullin and discussed potential areas of cooperation between the two countries.

At this meeting, Faizullin expressed Russia’s willingness to import construction materials from Iran. He also noted that his country was also considering importing power plant turbines from the Islamic Republic.

Signing of a free trade agreement with the EAEU by the end of the year

Attending an Iran-Russia business forum in St. Petersburg, Peyman-Pak stressed that Iran is ready to sign a free trade agreement with the Eurasian Economic Union (EAEU) by the end of the year. ‘current year.

He also pointed to the holding of joint specialized exhibitions as an important step that will lead to the development of trade relations between Iran and Russia and stressed the need to remove obstacles to currency, banking and trade exchanges.

“Both countries face severe sanctions that have primarily targeted the monetary and banking systems. The Islamic Republic of Iran has gained good experience from its long fight against sanctions and has devised various ways to fight against these sanctions,” he said.

He proposed the formation of joint transport companies and joint ventures to renovate and modernize Iran’s road, rail and maritime transport fleet, as well as to accelerate the joint completion of the Rasht-Astara railway, which was welcomed by the Russian side.

The TPO chief also attended a meeting with Andrey Slepnev, the Eurasian Economic Commission (EEC) Trade Minister, during which he underlined Iran’s full willingness to sign a free trade agreement with the UEE.

Peyman-Pak suggested that in addition to cooperation between Iran’s export processing zones and industrial parks of EAEU member countries, the two sides should start working on joint production of industrial goods.


Photo: Alireza Peyman-Pak, head of the TPO (4th right)