Despite global economic uncertainties, the EDB region experienced robust recovery with an aggregate GDP growth of almost 4%. Internal drivers, such as high consumer and investment demand, were pivotal in sustaining this growth.
The recent suggestion to open an Eurasian Economic Union Trading House in Iran underlined the organisation's commitment to increase trade and cooperation with the Islamic Republic and the positive and increasing relations between Moscow and Tehran on different issues related to the Eurasian geopolitical chessboard.
In this episode of the "Geopolitical Report" podcast series by SpecialEurasia, we examined the relationship between Iran and Tatarstan. The episode underscores the pivotal role played by Tatarstan in advancing the Moscow-Tehran relationship, underscoring its significance in shaping the Kremlin's foreign policy in the Middle East and the Arab-Muslim world.
The recent signing of the Free Trade Agreement (FTA) between the Eurasian Economic Union (EAEU) and the Islamic Republic of Iran represents a significant milestone in Iran’s regional economic integration. Tehran’s substantial concessions in regulatory and tariff domains, coupled with its imminent BRICS membership, underscore a strategic move towards deeper engagement with Eurasian markets.
The recent meeting between Russian Foreign Minister Sergei Lavrov and Tajikistan’s President Emomali Rahmon has unveiled the Central Asian republic’s strategic role for Moscow’s foreign policy in the region in defence, security, economy and social sectors.
The United Arab Emirates (UAE) and Eurasian Economic Union (EAEU) member countries discussed the establishment of a free trade zone, which might become a significant step in strengthening Emirati financial and economic presence in the Eurasian geopolitical chessboard and support Russian financial strategy to contrast Western sanctions' consequences.
The agreement on creating a Free Trade Zone between Iran and the Eurasian Economic Union stressed the rising diplomatic and economic efforts that Tehran and Russia are sustaining to counter Western sanctions and find alternative solutions for their economies and import-export activities.
Tehran’s attempt to become a member of the Eurasian Economic Union aims to enhance its trade partners and contrast the economic problems caused by the U.S. sanctions.