Iran Supports Oil Market
Iran’s Minister of Industry, Mines and Trade Seyyed Mohammad Atabak confirmed Tehran was in favour of establishing a single market for petroleum products for the Eurasian Economic Union (EAEU), speaking at a meeting of the Eurasian Intergovernmental Council in Cholpon-Ata on Friday.
“The Islamic Republic of Iran supports the further advancement of the process of establishing a common market for crude oil and petroleum products, the acceleration of priority measures to digitise transport operations and international transport corridors, and the finalisation of an agreement on the electronic trade of goods within the Eurasian Economic Union. Achieving these objectives will help to improve the efficiency of supply chains, reduce transaction costs, and increase the transparency and predictability of trade, whilst also making a significant contribution to strengthening the region’s economic resilience,” he noted.
EAEU Economic Cooperation Talks
Cuban Ambassador to Russia Enrique Orta Gonzalez emphasised Havana’s willingness to contribute to the strengthening of the EAEU, and the development of its economic, trade, financial and co-operative ties.
“The objectives are clear: to stimulate and boost domestic production, to generate revenue, and to improve the welfare of the Cuban people amidst an extremely challenging international situation. <…> As a country striving for peaceful co-operation, it is, of course, very difficult for us to find ourselves under such pressure. We are confident that we will overcome this colossal challenge created by the US’s hostile policy towards Cuba, and that we will move forward thanks to the solidarity and support of the international community, including the member states of the Eurasian Economic Union,” the diplomat added.
Leaders Discuss Future Plans
The latest meeting of the Eurasian Intergovernmental Council is taking place from August 6-7 in Cholpon-Ata, Issyk-Kul region.
The heads of government of the EAEU (Eurasian Economic Union) member states will discuss strengthening co-operation, improving collaboration on customs regulation and administration, developing e-commerce, ensuring food security, the digitalisation of rail freight transport, and the creation of a common financial market.
Article by Viory
More from Wake Up Singapore:
US CENTCOM releases threat to commercial vessel during maritime operations targeting Iran
US F-35C roars from USS Abraham Lincoln as CENTCOM tightens grip on Iran-bound shipping
Saving the MoU? – Pakistan backs diplomacy as US-Iran fighting reignites after brief halt
If you have a story or a tip-off, email admin@wakeup.sg or get in touch via Whatsapp at 8882 5913.
Interested in advertising on our media channels? Reach out to us at admin@wakeup.sg!
Since you have made it to the end of the article, follow Wake Up Singapore on Telegram and X!
Wake Up Singapore is a volunteer-run site that covers alternative views in Singapore. If you want to volunteer with us, sign up here!
