Indonesia and Iran have agreed to finalize negotiation on the Preferential Trade Agreement by the end of 2017, to expand access and diversify of exported products to non-traditional markets.
The Moscow-led Eurasian Economic Union aims to finalize a free trade deal with Iran by the end of the year (2017), in a drive by Russia and its fellow members to deepen ties with Tehran.
Both sides have decided that there will be no fresh Free Trade Agreement (FTA), rather both sides will later on turn the current Preferential Trade Agreement into FTA.
Pakistan: The Federal Minister for Commerce Khurram Dastgir Khan informed the Senate that negotiations were being initiated with Iran for signing the Free Trade Agreement.
Joint ministerial level meeting between Pakistan and Iran to be held in Tehran on April 18, for negotiation on bilateral trade and FTA between the two countries.
Members of the Eurasian Economic Union's (EAEU) prime ministerial council signed a directive on March 7, ordering preparations for a temporary agreement on forming an EAEU-Iran free trade zone.