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Iran, Armenia To Boost Mutual Economic Cooperation

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  • Iran, Armenia To Boost Mutual Economic Cooperation

    IRAN, ARMENIA TO BOOST MUTUAL ECONOMIC COOPERATION

    Fars News Agency
    April 18 2012
    Iran

    TEHRAN (FNA)- Iranian and Armenian companies agreed to set up a joint
    company to produce irrigations pumps in the Caucasian state.

    The agreement was signed by Managing-Director of Khorassan Agriculture
    Industry Company Hadi Abdollahian and Cyran Matosian, the director
    of Armenian's Armelectromach Company.

    The Armenian office of trade and industry announced that based on
    the agreement, the irrigation pumps will be manufactured by the
    Armenian company.

    In recent years, Iran and its Northern neighbor Armenia have signed
    agreements on energy cooperation and agreed to cooperate in technology
    and research and to enhance ties in commerce and economy.

    Iranian President Mahmoud Ahmadinejad and his Armenian counterpart
    Serzh Sargsian pledged in December 2011 to further expand "high-level
    relations" between their nations and, in particular, give new impetus
    to the implementation of joint energy projects that have fallen
    behind schedule.



    From: Emil Lazarian | Ararat NewsPress
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