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Iran, Armenia Sign 5 Cooperation Agreements

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  • Iran, Armenia Sign 5 Cooperation Agreements

    IRAN, ARMENIA SIGN 5 COOPERATION AGREEMENTS

    http://tehrantimes.com/economy-and-business/93786-iran-armenia-sign-5-cooperation-agreements-
    On Line: 23 December 2011 15:06

    Iranian President Mahmoud Ahmadinejad and his Armenian counterpart
    Serzh Sargsyan signed five cooperation agreements and memorandums of
    understanding in Yerevan on Friday to boost economic ties, the IRNA
    news agency reported.

    Building and operating hydroelectric power plants on Aras River
    which runs along the two countries' border, cooperation between
    national standards institutes of the two sides, cooperation in the
    social welfare sector, and cooperation in the field of environment
    protection were among the agreements.

    Trade turnover between Tehran and Yerevan has been increasing, from
    $206 million (157 million euros) in 2009 to $273 million (209 million
    euros) last year.

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