ASTANA (Sputnik) — The negotiations between the Eurasian Economic Union (EAEU) and Iran on a temporary free trade zone agreement are expected to be finished by the next EAEU summit, scheduled for October 11.
"The decision has been taken to speed up the work to sign the agreement with Iran. We expect the document to be signed in 2017," Sargsyan told reporters following a meeting of the Eurasian Intergovernmental Council in Astana.
Earlier, the Iranian ambassador to Russia said that the country is interested in economic projects of the Shanghai Cooperation Organization (SCO) member states, the EAEU and the Chinese Silk Road.
In 2016, Russia and Iran agreed to pay for bilateral supplies of products in national currencies, stepping up economic cooperation.
The EAEU, comprising Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, is an international organization that encourages regional economic integration through the free movement of goods, services, and people within the union.