61422
Armenia Expects  Boost in Iran Trade to $1b
Armenia Expects  Boost in Iran Trade to $1b

Armenia Expects Boost in Iran Trade to $1b

Armenia Expects Boost in Iran Trade to $1b

Trade turnover with Iran can be increased to $1 billion per year, Armenian Prime Minister Karen Karapetyan said during the ruling Republican Party’s election campaign in Syunik Province Parliamentary elections will be held on April 2. Nine parties and blocs running for seats in the National Assembly have already launched their campaigns, PanARMENIAN.Net reported on Monday. Karapetyan, who is also deputy chairman of Republican Party, said Armenia has a clear understanding of its potential in neighboring countries.  He noted that trade turnover with Iran is too low, amounting to $50-75 million without the energy sector. We have a phenomenal growth opportunity here, eying a hike to as much as $1 billion, no matter how pompous the idea may sound,” he said. Dwelling upon the volume of investment projects, the prime minister said programs worth $55 million are expected to be implemented in Syunik. “We must make use of the fact that Syunik borders Iran. Talks on establishing a free trade zone in Meghri are currently in final stages,” he said. Karapetyan noted that Armenia is negotiating with the Iranian side on creating a special company in the FTZ to promote large-scale exports.

 

Short URL : https://goo.gl/y2qFHt
  1. https://goo.gl/6qpwxV
  • https://goo.gl/jFvZ8X
  • https://goo.gl/vDf8YO
  • https://goo.gl/OzSj2o
  • https://goo.gl/Wkvhtc

You can also read ...

FATF Gives Iran Until February to Complete Reforms
The international group that monitors money laundering...
Iran Private Sector Businesses Dispirited Over Economic Conditions - Report
A recent survey conducted by the Tehran Chamber of Commerce,...
EU Mechanism for Iran Trade Pursues Long-Term Targets
France’s Foreign Ministry said on Thursday the creation of a...
Tehran Market: Gold Prices Move Toward Relative Calm
Gold prices are relatively stable according to the head of...
UK Preserving Iran Humanitarian Trade in Face of US Sanctions
High-level meetings on Thursday and Friday in London were held...
Iran Government Expected to Change Currency Repatriation Rules
Iran's private sector remains steadfast in its opposition to...
Iran: Imports of Essential Goods Top $4.6 Billion (Mar-Sep 2018)
Over 9.13 million tons of essential goods worth $4.67 billion...
Tehran Stock Exchange's Main Index Registers 90% Growth Since March
The total value of traded shares in Tehran Stock Exchange...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus