Iran's Economic Interests from Expanding Trade Relations with Eurasian Economic Union: GDyn Approach

Yaser Balaghi Enalou (), Mehdi Nejati (), Mojtaba Bahmani () and Sayyed Abdolmajid Jalaee Esfandabadi ()
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Yaser Balaghi Enalou: PhD Student in Economics, Shahid Bahonar university of Kerman
Mehdi Nejati: Associate Professor of Economics, Shahid Bahonar university of Kerman
Mojtaba Bahmani: Assistant Professor of Economics, Shahid Bahonar university of Kerman
Sayyed Abdolmajid Jalaee Esfandabadi: Professor of Economics, Shahid Bahonar university of Kerman

Quarterly Journal of Applied Theories of Economics, 2022, vol. 9, issue 1, 1-26

Abstract: Trade Agreement between Iran and Eurasian Economic Union can have a handful of economic consequences for Iran;moreover, this research follows to determine Iran's economic interests from the expansion of trade relations with Eurasian Economic Union, in this research, the impacts of decreasing import tariffs of Iran and Eurasian economic union on welfare, trade balance and changes in payments for skilled and unskilled labor based on the model of Dynamic Global Trade Analysis Project (GDyn) and version 10 of its databases were analyzed in a Long-Run horizon during two scenarios (50% decrease and 100% decrease in tariff rates). This study's results indicate that the section " Grains Crops" in terms of the high trade volume and higher tariffs, the section "Processed Food Industry" in terms of the volume of high trade, the "textiles and clothing" sector considering higher tariffs and the "services" sector is also higher than the significant and influential sectors in Iran-Eurasia trade agreement and it is proposed that tariff rate changes are performed with high accuracyin noted sectors

Keywords: Iran; Eurasian Economic Union; Preferential Trade Agreements; Dynamic Global Trade Analysis Project (GDyn) (search for similar items in EconPapers)
JEL-codes: C68 F14 F15 (search for similar items in EconPapers)
Date: 2022
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