The ministries of agriculture of Iran, Russia and Kazakhstan have concluded a trilateral memorandum of understanding on the issue of wheat trade.
This resulted from negotiations on a temporary agreement leading to the formation of a free trade zone between the Eurasian Economic Union and Iran, Zol.ru reported.
Trade Minister of the Eurasian Economic Commission Veronika Nikishina was quoted as saying that the signing of a memorandum between Russia and Kazakhstan—key suppliers of wheat to the world market—and Iran will be the first step toward the revival of full supply chains of high-quality wheat from EEU to Iran and the whole region.
In accordance with the memorandum, wheat from Russia and Kazakhstan will be supplied to Iran without customs duties and other fees equivalent to it.
Source and foto: www.financialtribune.com
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