Relations between Iran and Russia have entered a new phase of cooperation. A free trade zone agreement might be reached between Iran and Russia before the end of the year, according to Russia's task news agency. The free trade zone agreement would also cover a number of nations that are part of the huge Eurasian territory, which stretches from the boundaries of Eastern Europe to Western China.

Russia's Tass Agency: Free Trade Pact to include nations in Eurasia region

The Trans-Pacific Partnership aims to cut trade barriers in some of Asia's fastest-growing economies; it does not include China

Japan ratifies TPP trade pact to fly flag for free trade

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Russia's Tass Agency: Free Trade Pact to include nations in Eurasia region

Japan ratifies TPP trade pact to fly flag for free trade