Iranian-style KitKat may be headed for EEU as part of free trade deal

Iranian-style KitKat may be headed for EEU as part of free trade deal
Seem familiar? / Barkat Market.
By bne IntelliNews November 2, 2017

Iran is set to export biscuits and chocolate as part of a broader free trade deal with Eurasian Economic Union (EEU) states, Tehran’s Financial Tribune daily reported on November 1.

Iranian producers see the export markets to the north as ideal for expansion following a recent push to export products to Qatar. For instance, it now stocks Iran’s version of the KitKat, the Hiss.

According to a draft agreement between Iran and the EEU signed in July, Iran will be able to sell some 350 items to the trade bloc in exchange for another 180 flowing the other way.

The EEU groups Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan in an integrated single market of 183mn people, with a gross domestic product of over $4tn.

Trade breakthroughs in Qatar have resulted from Iran’s support for the tiny gas-rich peninsular nation since it was blockaded by a group of countries led by Saudi Arabia that are unhappy with its claimed support for certain militant and terrorist groups and closeness in areas of policymaking to Iran. Earlier this year, another Iranian-produced product, Mihan orange juice, was spotted by an Iranian on a flight to Doha, causing a stir among trade observers on social media. 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Kyrgyzstan now a country marked by “broader Central Asian trend of authoritarian consolidation”, says Freedom House report

Kyrgyzstan is a country now marked by the “broader Central Asian trend of authoritarian consolidation”, according to the newly released Freedom House report ... more

Kyrgyzstan reported as “irked” by neighbour Uzbekistan’s “grandiose hydropower plans”

Kyrgyzstan, a country perpetually battling a shortage of water resources, is reportedly irked by neighbour Uzbekistan’s “grandiose hydropower development plans”. The issue has come to the ... more

Kyrgyz-Uzbek auto plant reportedly plans production of Chevrolet as first car by late May

The Chevrolet Nexia R3 should in late May become the first car model to roll off a production line at an auto plant being built in Kyrgzystan by Uzbekistan’s state-controlled ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    3 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss