Worthy Christian News > Israel-Palestinian Conflict > Israel and Iran both set to join Russia-led free trade zone

Israel and Iran both set to join Russia-led free trade zone

Thursday, February 14, 2019 | Tag Cloud Tags: Economy, EU, Iran, Israel, Jerusalem, Negotiations, News, Russia, Trade, Worthy News | Learn about our FREE SYNDICATION Service | Subscribe to the Worthy Brief! | Printer Friendly

(Worthy News) – Israel is set to sign a free-trade agreement with the Russia-led Eurasian Economic Union in the near future, according to officials in Moscow and Jerusalem.

Incidentally, Iran is also in advanced talks about creating a free trade zone with the union, known as EAEU. However, each country would sign its own free-trade agreement (FTA) with the union, which would mean that Jerusalem would not be able to trade freely with Tehran, or other states signing similar agreements.

“The negotiations with the EAEU were launched in Moscow in April 2018, following positive results of a comprehensive Joint Feasibility Study conducted by the parties,” a spokesperson for the Economy Ministry told The Times of Israel on Monday. [ Source: Times of Israel (Read More…) ]

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