Code: 905987 A

Eurasia has granted tariff exemptions to 10 Iranian export items within the framework of preferential trade since April 1, according to a local official at Industry, Mine, and Trade Organization of Gilan Province.

Mohammad Feyz, who was speaking on Tuesday, said that the exemptions will remain in place until June 30.

He said that the exemptions are being granted to recover the negative effects of the spread of COVID-19 and prevent the shortage of such items in the member-states of the union.

The official expressed hope that the exemptions will lead to an increase in exports as well as a surge in production amid tough US sanctions on the country and the COVID-19 outbreak.

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US sanctions tariffs Eurasia COVID-19 outbreak COVID-19 pandemic
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