Total trade between Iran and Armenia stands at $300 million in value, and the number is expected to increase dramatically in the next few years, said first vice president Es’haq Jahangiri on Monday during a news conference he held with Armenian Prime Minister Hovik Abrahamyan in Tehran. According to Tasnim news agency, both sides have agreed to form a special joint council to be chaired by the vice president and Armenia’s prime minister. “Armenia has recently joined Eurasia Partnership Foundation and this has paved the ground for the country to improve trade ties with its neighbors, including Iran, and start joint ventures with Iran’s private sector,” Jahangiri said. The two sides signed several cooperation agreements during the meeting. Abrahamyan is paying a two-day visit to Tehran at the invitation of Jahangiri to discuss expansion of bilateral ties. Jahangiri said that he will also travel to Armenia in the near future.
