6976
Boosting Ties With Armenia
Economy, Domestic Economy

Boosting Ties With Armenia

Energy Minister Hamid Chitchian said on Monday that Iran is keen to increase bilateral relations with neighboring countries including Armenia.
Trade between Iran and Armenia has significantly decreased in the past two years, but the Iranian minister says the two sides are planning to remove trade obstacles soon.
Chitchian made the remarks while addressing the opening ceremony of the 12th Iran-Armenia joint economic cooperation commission in Tehran.
The two-day event is aimed at finding ways to expand cooperation in electricity as well as technical and engineering sectors. Three memorandums of understanding for construction of dams and power plants were expected to be signed during the event.
The annual trade between Iran and Armenia amounts to around $300 million in value, with officials vowing to double the amount through urging both countries’ private sectors to boost mutual transactions.
In 2013, trade between the two neighboring countries hit $293 million, according to Iran’s commercial attaché to Yerevan Hamaiak Avadis Yanes.
Armenia was Iran’s 28th biggest trading partner in the previous Iranian calendar year, ending March 20, 2014, according to Iran Customs Administration.
Iran exported $105.6 million and imported $28.9 million worth of non-oil products to and from the country over the period.

Short URL : http://goo.gl/ft7AyJ

You can also read ...

Qatar, Oman Becoming Iran's New Trade Gateways
Iran is working to curb its trade ties with the UAE, replacing...
Connectivity Central to Iran-India Future Ties
Iranian President Hassan Rouhani’s recent state visit to India...
Exports to Thailand, Indonesia See Biggest Rise
Iran’s exports to Thailand and Indonesia, crude oil excluded,...
Renewed Efforts to Sideline US Dollar in Foreign Trade
Months after a meeting between Iran’s Leader Ayatollah Seyyed...
Shahid Rajaee Port’s Phase 3 Launch on Wed.
President Hassan Rouhani is scheduled to break ground on Phase...
Rial Gaining Ground
Rial continued its gain against the US dollar in Tehran's...
Export Billet Prices Climb Amid Higher Offers, Transactions
Iranian export billet prices went up by $5-15 per ton on an...
SAIPA Mulling Options to Replace Pride
Reports from the SAIPA Group show that the second major local...

Trending

Googleplus