Sputnik News- A temporary agreement on establishing a free trade zone between the Eurasian Economic Union (EAEU) and Iran may be signed in 2017, Chairman of the Eurasian Economic Commission (EEC) Board Tigran Sargsyan said Monday.

The negotiations between�the Eurasian Economic Union (EAEU) and Iran on�a temporary free trade zone agreement are�expected to�be finished by�the next EAEU summit, scheduled for�October 11.
"The decision has been taken to�speed up�the work to�sign the agreement with�Iran. We expect the document to�be signed in�2017," Sargsyan told reporters following�a meeting of�the Eurasian Intergovernmental Council in�Astana.


In June, the EEC, with�is the bloc's main executive body, said that the EAEU and Iran had finished working on�the text of�the temporary free trade zone agreement and that the sides will continue talks on�liberalizing mutual market access and coordinating tariff obligations in�the near�future.

Earlier, the Iranian ambassador to�Russia said that the country is�interested in�economic projects�of�the Shanghai Cooperation Organization (SCO) member states, the EAEU and the Chinese Silk Road.

In 2016,�Russia and Iran agreed�to�pay for�bilateral supplies of�products in�national currencies, stepping up�economic cooperation.

The EAEU, comprising Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, is an international organization that encourages regional economic integration through�the free movement of�goods, services, and people within�the union.