Economy, Domestic Economy

Trade Ties With Armenia

Trade Ties With ArmeniaTrade Ties With Armenia

In a recent meeting with the Armenian Ambassador to Iran Artashes Tumanyan, Minister of Economic Affairs and Finance Ali Tayyebnia called for bolstering economic ties between the two countries.  “Despite good political ties between Tehran and Yerevan, mutual economic and trade capacities have yet to be fully exploited,” Eghtesad News quoted the minister as saying.  Iran’s non-oil exports to Armenia stood at over $100 million last Iranian year (ended 20 March).  Bitumen, aluminum nitrate, steel products, sodium sulfide, solvents, tiles, ceramics, onions, shallots, kiwi fruit, cucumbers and chicken are among the main goods exported to Armenia. Imports of commodities like air pumps, battery waste, aluminum alloys, animal vaccine, copper waste and floor covering over the same period stood at around $19 million.