Tuesday, April 24, 2018

Iran Joining The EEU

Iran and Russia have agreed to work together within the framework of a Moscow-led Eurasian Economic Union (EEU) following three years of discussion and negotiations on free trade.

The agreement, which will require ratification in both countries, will bolster bilateral trade and investment and also open Iranian markets and investors to the other EEU members – Kazakhstan, Belarus, Armenia, Kyrgyzstan and Vietnam.

Iran’s inclusion into the EEU will help it access markets that may have been previously blocked due to US sanctions.

Once ratified, Iran will be expected to establish a free trade zone for EEU trade.

In 2015, Iran and Russia signed a joint monetary agreement to facilitate mutual trade transactions of Iran’s rials and Russia’s roubles.

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Are we willing to go to war to stop this? And if we do, who will benefit? I doubt it will be us.

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