Iran and Armenia signed a memorandum of understanding last week on joint production of agricultural machinery, Iran’s commercial attaché to Armenia, Mohsen Rahimi, said.
The agreement was signed with Armenia’s deputy minister of economic development and investments and deputy minister of agriculture in attendance, News.am reported.
As per the agreement, the Iranian side will export knock-down kit to Armenia and do the assembling in that country, Trade Promotion Organization of Iran reported.
The Armenian side has promised to facilitate all the paperwork as well as the attendance of Iranian side in international fairs while providing technical, informational and legal support.
The Iranian side has aimed to enter Armenia’s market and then export machinery to member states of Eurasian Economic Union.
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