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Iran Plans To Boost Trade With Armenia: Ambassador

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  • Iran Plans To Boost Trade With Armenia: Ambassador

    IRAN PLANS TO BOOST TRADE WITH ARMENIA: AMBASSADOR

    ARKA
    Feb 19, 2010

    YEREVAN, February 19, /ARKA/. Iranian ambassador to Armenia, Seyed Ali
    Saghayan, said today his country intends to boost trade with Armenia.

    Speaking at a news conference he said the global economic crisis had
    slashed the trade between the two countries, but added that Iran and
    Armenia are resolute to improve the situation.

    He said the Iranian side appreciates highly a memorandum of
    understanding signed after the recurrent meeting of Iranian-Armenian
    intergovernmental commission on economic cooperation three weeks ago
    in Yerevan. He said Armenian-Iranian economic cooperation embraces
    several strategic projects, including construction of a railway and
    the North-South Highway.

    The ambassador spoke about of an international conference in Tehran
    on trade and investment opportunities in Armenia, where Armenian and
    Iranian officials spoke on the potential of the private sector to help
    promote ties between the two countries. Speaking at the conference,
    Iran's deputy foreign minister Amir Mansour Borqe called on Iranian
    and Armenian officials to explore every available avenue to increase
    trade ties and exchanges between the two countries.

    Armenian-Iranian trade last year contracted by 32.7% to $153.4
    million. Armenian exports to Iran fell by 24% to $19.1 million. The
    volume of imported Iranian goods dropped by 33% to $134.3 million.
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