Iran, Eurasian preferential trade value exceeds 194 mln USD in November: official

Source: Xinhua| 2019-12-15 04:13:40|Editor: Mu Xuequan
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TEHRAN, Dec. 14 (Xinhua) -- The value of Iran's preferential trade with the Eurasian countries reached 194.2 million U.S. dollars in November, Head of Iran's Customs Administration Mehdi Mirashrafi said on Saturday.

During the one-month period, Iran exported commodities worth 28.2 million dollars to the Eurasian Economic Union (EAEU) members while importing 166 million dollars of commodities through preferential trade, Mirashrafi was quoted as saying by the state IRIB TV.

Iran and the EAEU trade agreement, which had been reached earlier, was implemented on Oct. 27.

"In the current situation (under the U.S. anti- Iran sanctions), the Eurasian countries have a very good potential (for mutual trade)," Mirashrafi said, adding that "we need to utilize this capacity to boost our exports and import our needed commodities."

He noted that the two sides of the agreement are trying to avoid using dollar in their economic exchanges and use their national currencies or other common currencies like the euro instead.