Eurasia Emerges as Iran’s New Trade Frontier (opens original article in a new tab)

Iran is expanding its trade relations with the Eurasian Economic Union (EAEU) to diversify its markets and reduce reliance on traditional routes, leveraging geographic proximity and economic complementarity. Despite growth, challenges like infrastructure and financial systems hinder deeper cooperation.

• Iran's trade with EAEU members increased by 15% in the past year, with Russia and Armenia as major trading partners.
• The EAEU offers Iran access to a diverse market for agricultural, petrochemical, and industrial goods, while Iran provides geographic connectivity for Eurasian states.
• Key challenges include infrastructure limitations, logistics costs, and financial system barriers, requiring investment to enhance trade efficiency.