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Armenia leader: too little trade with Iran

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  • Armenia leader: too little trade with Iran

    Interfax, Russia
    Dec 23 2011


    Armenia leader: too little trade with Iran

    YEREVAN. Dec 23


    Armenian President Serzh Sargsyan has praised relations between
    Armenia and Iran but has complained that the volume of trade between
    the two countries is too low.

    "Our political dialogue has a good process at all levels, and, despite
    international economic problems, our economic relations are
    developing," a statement from the Armenian president's office quoted
    Sargsyan as saying during a meeting with Iranian President Mahmoud
    Ahmadinejad in Yerevan on Friday.

    The Armenian leader argued, however, that the annual trade volume of
    $300 million was less than the two countries can achieve.

    "We have the resources for doubling and trebling this amount very
    quickly. If we speed up the construction of the third electricity
    transmission line and make our oil product market more active, we will
    indeed be able to achieve larger volumes," he said.

    Ahmadinejad's visit to Yerevan resulted in a set of bilateral documents.

    These included a memorandum of understanding entitled "Assistance to
    the Republic of Armenia in Its Development," a protocol on additions
    to the agreement to build a hydroelectric power plant on the Aras
    River, and a memorandum on cooperation in labor and social affairs.

    The two presidents also issued a joint statement in which they hailed
    the start of construction of the third electricity transmission line
    and called for finishing its construction as quickly as possible. They
    also spoke highly of the Aras power plant project and projects to lay
    a railroad and an oil pipeline.

    "Specialized authorities have received instructions to transfer those
    programs into the implementation phase within six months," the
    Armenian president's office said in its statement.

    as rb

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