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Iran, Armenia Set $3b Annual Trade Target

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  • Iran, Armenia Set $3b Annual Trade Target

    IRAN, ARMENIA SET $3B ANNUAL TRADE TARGET

    http://tehrantimes.com/economy-and-business/104351-iran-armenia-set-3b-annual-trade-target
    On Line: 24 December 2012 16:36
    In Print: Tuesday 25 December 2012

    TEHRAN - Iran and Armenia have set the target of $3 billion in their
    annual bilateral trade, IRIB quoted Iran's East Azarbaijan Province's
    governor general Ahmad Alirezabeigi as saying.

    On December 2, Armenian Ambassador in Tehran Gregor Araklyan described
    Tehran-Yerevan ties as positive and said Iran is currently the 7th
    biggest trade partner of Armenia, IRNA reported.

    He said the volume of trade exchanges between the two countries in
    2011 amounted to dlrs 329 million.

    He noted that presently 500 Iranian companies are doing business
    in Armenia.

    Stressing that after gaining independence, his country adopted
    a policy of free trade and competitive market, he said among the
    ex-soviet countries, Armenia enjoys the most liberal trade network.

    He also said his country was apt for foreign investments in such
    areas as water, electricity, gas and mines, adding that Armenia would
    welcome Iranian experts and investors.

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