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East Azarbaijan province, Armenia's Armavir province sign MOU

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  • East Azarbaijan province, Armenia's Armavir province sign MOU

    Iranian Government News
    December 25, 2012 Tuesday


    East Azarbaijan province, Armenia's Armavir province sign MOU

    Tehran


    The official news agency of Iran (IRNA) has issued following news:

    Iran's East Azarbijan province and Republic of Armenia's Armavir
    province signed here Monday a 25-article MOU.


    East Azarbaijan's Governor General Ahmad Alirezabeigi in a meeting
    with reporters pointed to his recent trip to the Republic of Armenia's
    Armavir Province and called the establishment of joint economic zones
    in the two countries' borders as one of the subject of discussions
    between the two countries' officials.

    'Iran and Armenia officials have declared the prospect of 3 billion
    dlrs for the two countries' trade exchange and East Azarbijan is
    trying to do its best to have a role in achieving this national
    economic prospect.'

    Alirezabeigi underlined that this was the third meeting among Eest
    Azarbijan and Armenia economic activists adding that there were good
    agreements between the two countries' officials in all fields and in
    particular in the field of agriculture.

    'Aras Free Zone has a good capacity to be used as a joint economic
    zone between Iran and Armenia and can help facilitate business between
    the two countries.

    In recent years, Iran and its Northern neighbor Armenia have boosted
    cooperation, 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
    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.

    In early October, Iranian Foreign Minister Ali Akbar Salehi and his
    Armenian counterpart Edward Nalbandian met at the UN Headquarters in
    New York to discuss bilateral ties and regional and international
    issues.

    In a relevant event in June, a senior Iranian official announced Iran
    and Armenia's plans to establish a joint free trade zone.

    Caretaker of Aras Free Trade Zone Sadeq Najafi made the remarks in a
    meeting with the governor-general of Sionik province, during which the
    two sides inked a Memorandum of Understanding (MoU) on cooperation in
    investment, trade and environmental sectors.

    'In this MoU, it was agreed that an Iranian-Armenian free trade zone
    will be established for joint investment by Aras Free Trade Zone and
    Sionik province,' Najafi said.

    The two sides also agreed to create a joint border market at Nordouz
    border which is located within the boundaries of Aras Free Trade Zone,
    he added.




    From: A. Papazian
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