Armenia Looking to Expand Trade Ties

Armenia is keen on facilitating Iranian investment in diverse sectors of its economy as part of broader efforts to strengthen bilateral trade, says the newly appointed prime minister of the southern Caucasus nation. 
"We are willing to expand economic relations with Iran," Nikol Pashinyan, who was elected to the post by Armenia's parliament in early May, told IRNA in an interview.  
The former opposition leader was swept to power by a peaceful revolution driven by mass protests against corruption and cronyism in the ex-Soviet republic. 
Pashinyan said Tehran and Yerevan have cordial political relations but there is a need to intensify business collaboration to expand trade and investment.