Israel, EEU Will Reach Agreement on Free Trade Zone in Few Months

© Sputnik / Alexander Astafyev / Go to the mediabankFirst session of EEU Intergovernmental Council
First session of EEU Intergovernmental Council - Sputnik International
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Israel and the Eurasian Economic Union (EEU) may reach an agreement on the creation of a free trade zone in the next few months, Israeli Charge d’Affaires in Russia Alex Goldman-Shayman said Monday.

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MOSCOW (Sputnik) — The Eurasian Economic Union is a bloc created to streamline the flow of goods, capital and labor between its member nations, namely Russia, Kyrgyzstan, Armenia, Belarus, and Kazakhstan. The union came into being on January 1, 2015.

In January 2016,  Iranian Ambassador to Russia Mehdi Sanaei said Iran was interested in introducing a free trade zone with the EEU.

"We are really interested in removing all obstacles with the Russian Federation. We made progress on the visa issue in 2008… and [as for] the customs barriers, I am confident that we will be able to remove them in the coming months," Goldman-Shayman said responding to a question on progress in bilateral Israeli-EEU affairs.

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