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Iran, Armenia Ink Five Cooperation Agreements

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  • Iran, Armenia Ink Five Cooperation Agreements

    IRAN, ARMENIA INK FIVE COOPERATION AGREEMENTS

    FNA
    19:26 | 2011-12-23

    TEHRAN (FNA)- Iranian President Mahmoud Ahmadinejad and his Armenian
    counterpart Serzh Sargsyan signed several cooperation agreements just
    a few hours after the former arrived in Armenia on Friday.

    President Ahmadinejad first met with his Armenian counterpart Sargsyan
    and then signed five bilateral agreements amid growing cooperation
    between Tehran and Yerevan.

    One of the agreements scheduled the start of construction work on a
    hydro-electric power station on the Arax river which runs along the
    two countries' border.

    Other agreements included joint cooperation between the Institute
    of Standards and Industrial Research of Iran and Armenia's National
    Institute of Standards, cooperation in social welfare and affairs as
    well as bilateral environmental cooperation.

    Armenia has been developing closer ties with Iran. 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.

    This year it amounted to $300 million.

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