Although Iran’s full membership in the EAEU is still unclear, it seems that with the implementation of recent agreements, we will witness a serious renaissance of trade relations and a significant leap and a new window for the beginning of new economic relations between Iran and the member states of the union.

In the past years, EAEU has taken steps to facilitate trade, sustainable economic development, a single market for goods, services, labor, and capital, modernization, increasing competitiveness, the gradual removal of customs laws, the establishment of a common foreign tariff, and customs harmonization and economic cooperation, and growing the GDP according to the guidelines until 2025.

Iran’s name was first raised for joining the union in May 2015. The EAEU has economic, cultural, political, and geopolitical commonalities with Iran and is particularly important.

Iran and the EAEU signed an interim preferential trade agreement in 2018. The agreement with the Eurasian Economic Union is one of Iran’s most important, serious experiences in agreeing on a regional economic union.

In May 2024, the EAEU received Iran’s desire to obtain observer state status. Then the EAEU examined Iran’s application for observer state status.

Also, with Tehran’s participation in the Supreme Economic Council of EAEU meeting, the presence of the First Vice President at the previous meeting of the Eurasian Economic Forum, and Tehran’s efforts and Moscow’s support, a full-fledged free trade agreement with Iran and the approval of Iran’s observer status in the EAEU last December, and its signing by the heads of the five member states of the union in St. Petersburg led to the signing of the agreement by the leaders of the five member states of the union in St. Petersburg.

Tehran’s approach and opportunities

In recent years, Iran has included the “Look East” policy, expanding relations with its Asian neighbors, and membership in regional organizations in its foreign policy.

Iranian officials have repeatedly emphasized their commitment to expanding bilateral and multilateral economic relations with the EAEU in the past year. In fact, Tehran is seeking........

© New Eastern Outlook