The Role of Eurasian Economic Union in Development of Foreign Trade of Iran

Document Type : مقالات علمی -پژوهشی

Authors

Somayeh Talebpoor ¹

Mahmood Nourani ²

Reza Mohammadpour ³

¹ Ph.D Candidate in Economics, University of Tabriz, Tabriz, Iran.

² Ph.D candidate in Political Geography, Tarbiat Modares University, Tehran, Iran.

³ Ph.D in Economics sciences, University of Tehran, Tehran, Iran.

https://doi.org/10.22067/pg.2021.67119.0

Abstract

Trade union is one of the regional integration that takes place in different parts of the world. On the other hand, the growth of regionalism and the desire to create economic convergences in various frameworks is expanding day by day. So, today you can hardly find a country that is not a member of at least one institution with economic function. Foreign trade as an engine of development has caused countries to welcome the expansion of economic cooperation and involve in economic development programs. These programs in the form of convergence plans reduce tariff and non-tariff barriers, improve the business environment and facilitate the flow of currency and financial exchanges between countries and help to develop and strengthen relations between countries. The Eurasian Customs Union is now the newest and most important convergence process in the post-Soviet region. The Eurasian Customs Union was established in 2010 and entered the Eurasian Economic Union in 2015. The expansion of the economic globalization phenomenon has made the relations and cooperation of countries in the interest of being in the form of regional cooperation based on the agenda of many developing countries, especially Iran. Interaction with this Union has made Iran eager to provide the necessary background for preferential trade and economic integration. This study intends to express Iran's position in interaction with the Eurasian region with economic propositions using descriptive-analytical method. Understanding the importance of the progressing process is doubled, considering there are ongoing negotiations between the Republic of Iran and this union regarding the signing economic free trade agreements and this could have consequences for the country. Iran can take appropriate share of the market capacities of the member countries among a multitude of opportunities both in the commodity and non-commodity sectors such as transportation services and technical and engineering services, by adopting a realistic, dynamic, all-round diplomacy and compatible with the realities of the member states of this Union. Iran can expand and deepen the relations between the parties and achieve the economic, scientific and technological position according to the 20-year vision document until 1404 to secure the national interests as much as possible.

Keywords

Eurasian Customs Union

Economic Union

Regional Integration

Foreign Trade

Eurasia

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