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Iran And Armenia Agree To Boost Their Relations

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  • Iran And Armenia Agree To Boost Their Relations

    IRAN AND ARMENIA AGREE TO BOOST THEIR RELATIONS

    ARKA
    Jan 27, 2010

    YEREVAN, January 27, /ARKA/. Iran and Armenia have agreed today to
    boost their relations. After the 9th session of the intergovernmental
    commission for economic cooperation, held in Yerevan, the sides

    signed two memoranda, one on enhancing economic ties and the second
    on cooperation between Armenian Development Agency (ADA) and Iran's
    Organization for Investment, Economic and Technical Promotion. The
    second memorandum envisages establishment of a bilateral investment
    committee.

    The Armenian cochairman of the commission, energy and natural
    resources minister Armen Movsisyan, said the sides discussed a wide
    scope of issues.

    'Armenian-Iranian cooperation embraces economy, culture and other
    sectors and we have to work hard to materialize all planned projects,'
    he said.

    The Iranian cochairman, foreign minister Manoucher Mottaki, said
    the presidents of both countries have serious intentions to foster
    cooperation, while the public and private sectors are ready to
    implement the strategy developed by the presidents.

    Armenian-Iranian trade in the first months of 2009 fell by 35% from a
    year before to $138 million. Armenian exports to Iran dropped by 30%
    to $17 million while imports from Iran plunged by 35% to $121 million.
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