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ARMENIA TO BOOST TRADE, ENERGY TIES WITH IRAN
Hurriyet Daily News
Oct 25 2012
Turkey
Armenia and Iran today vowed to boost economic cooperation, increase
bilateral trade and speed up joint energy projects including a
hydro-electric power plant on their shared border.
"The high level of political relations between the countries requires
corresponding activity in the economic sphere too," Armenian Energy
Minister Armen Movsisian said at a meeting with his Iranian counterpart
Majid Namjoo.
Movsisian said that construction of the hydro-electric power plant
on the Arax river would begin in November.
Namjoo called for the removal of "obstacles" which have slowed the
progress of implementing other joint projects like a third power
transmission line between the neighbour states and a railway link.
"It's necessary to take every step to overcome these obstacles and
move forward," he said.
Christian Armenia has been seeking to increase links with Muslim Iran
because it is suffering from long-term political disputes with two
of its other neighbors, Turkey and Azerbaijan, which have led to an
economic blockade and closed borders.
Iran, which is laboring under increasingly tight sanctions imposed by
Western nations over its nuclear programme, has also been interested
in developing trade ties with Armenia.
However Armenia's central bank in August rejected allegations that Iran
has been using Armenian financial institutions to dodge international
sanctions.
Hurriyet Daily News
Oct 25 2012
Turkey
Armenia and Iran today vowed to boost economic cooperation, increase
bilateral trade and speed up joint energy projects including a
hydro-electric power plant on their shared border.
"The high level of political relations between the countries requires
corresponding activity in the economic sphere too," Armenian Energy
Minister Armen Movsisian said at a meeting with his Iranian counterpart
Majid Namjoo.
Movsisian said that construction of the hydro-electric power plant
on the Arax river would begin in November.
Namjoo called for the removal of "obstacles" which have slowed the
progress of implementing other joint projects like a third power
transmission line between the neighbour states and a railway link.
"It's necessary to take every step to overcome these obstacles and
move forward," he said.
Christian Armenia has been seeking to increase links with Muslim Iran
because it is suffering from long-term political disputes with two
of its other neighbors, Turkey and Azerbaijan, which have led to an
economic blockade and closed borders.
Iran, which is laboring under increasingly tight sanctions imposed by
Western nations over its nuclear programme, has also been interested
in developing trade ties with Armenia.
However Armenia's central bank in August rejected allegations that Iran
has been using Armenian financial institutions to dodge international
sanctions.