Despite the fact that Armenia is landlocked small country it provides large opportunities. Armenia is benefiting from the EU GSP+ regime, which means NO customs duty for around 6300 products originated in Armenia and exported to the EU. Because of Armenia's membership to the Eurasian Economic Union (EEU), zero Customs tariffs applied for the Armenian products exported to the EEU. Last but not least, Armenia shares border with Iran. The EEU plans to conclude Free Trade Interim Agreement with Iran covering reduction of customs duties for limited number of agricultural and industrial (pharmaceuticals, textile, steel products, machinery, electrical equipment, vehicles, etc) products. It is planned to have full FTA in long-term perspective. In addition to that, after the EEU new Customs code will enter into force, Armenia will have a right to establish a Free Economic Zone at the Armenian - Iranian border. The FEZ is planned to put in operation by the end of 2017. Besides mentioned advantages, Armenia also has free trade agreements with neighboring Georgia and other CIS countries. More information on Armenia could be found at the website of Development Foundation of Armenia.