Iranian parliament approves draft bill on free trade with EEU

The legislation, related to an agreement on a joint free trade zone in the context of Eurasian Economic Union (EEU), was approved in the Iranian Parliament by 174 votes in favor and 4 against.

According to Iranian lawmaker Ali-Akbar Karimi, the bill would stimulate cooperation with Eurasian nations and the entire world states that accession to the EEU will serve as a prelude to joining the World Trade Organization (WTO).

Karimi also stressed that the development of free trade zones would create jobs and attract foreign investments to the Islamic Republic, IRNA reported.