"There are now good capacities for reinforcing free trade between Iran and the five Eurasian states," President Rouhani said.

He underlined that Iran presently has good capacities for promotion of agricultural and industrial products and exporting them to the countries located in Northern Iran.

"We will make Iran corridors of North-South and East-West," the Iranian president said.

The Eurasian Economic Union is an economic union of states located primarily in northern Eurasia.

A treaty aiming for the establishment of the EEU was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on 1 January 2015.

The Eurasian Economic Union has an integrated single market of 183 million people and a gross domestic product of over $4 trillion.

The EEU introduces the free movement of goods, capital, services and people and provides for common transport, agriculture and energy policies, with provisions for a single currency and greater integration in the future.

The union operates through supranational and intergovernmental institutions.