Eurasian Economic Union - Iran Free Trade Agreement FTA

The Free Trade Agreement between Iran and the Eurasian Economic Union initially entered into force in 2019. The Russian Federation joined it in 2023.

The Agreement provides for the reduction or elimination of customs duties, including for: 

•  Motor vehicles for the transport of ten or more persons,including station wagons and racing cars 
•  iron, cast iron, and steel, enamelled 
•  Cathodes and sections of cathodes 

Rules of Origin delineated in the Agreement state that goods may benefit from preferential tariff treatment if wholly obtained or produced on the territory of a Party using  non-originating materials under specific conditions (eg. the total value of non-originating materials incorporated in the products is generally requested to be less than 50% of the product's total Ex-works price)

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