An exclusive Iran exhibition was inaugurated in Yerevan in the presence of Iranian Ambassador to Armenia Abbas Zohouri and CEO of Iran International Exhibitions Company Hassan Zamani on Sunday.
A total of 108 Iranian companies in the fields of agriculture and food, construction, oil and energy, automobile parts, technical and engineering services, medicine and medical equipment and home appliances are showcasing their latest products and services over an area of 1,500 square meters for four days, ILNA reported.
Zohouri said that in recent years, despite the coronavirus pandemic, trade between Iran and Armenia has grown significantly.
The ambassador announced on the sidelines of the event that a memorandum of cooperation is to be signed between Iran International Exhibitions Company and Yerevan Expo Center.
Armenia will appoint a trade attaché to Iran, which decision was adopted on April 16, Public Radio of Armenia reported recently.
The appointment of an Armenian trade attaché in Iran will help Armenia more effectively promote its interests in various economic spheres, facilitate the implementation of trade and economic deals by Armenian-Iranian economic entities and support the activation of business initiatives between the two countries.
The creation of the post of trade attaché will facilitate the exchange of key information on the economic situation in Iran and legislations regulating foreign economic activity and, in turn, provide similar information about Armenia to interested Iranian bodies.
One of the main responsibilities of the trade attaché is to participate in business forums, disseminate the business environment in Armenia and provide vital information to Iranian entrepreneurs interested in investing in Armenia.
According to the RA Statistical Committee, Armenia’s trade turnover with Iran in 2020 amounted to $400.2 million. Exports from Armenia to Iran amounted to $84.8 million while imports from Iran to Armenia amounted to $315.4 million.
