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Iran, Armenia to form joint commission to boost trade ties

Source: Tehran Times

Armenian Prime Minister Hovik Abrahamyan with Iranian President Hassan Rouhani 

Iran and Armenia have agreed to set up a high joint commission to elevate bilateral ties in a host of fields.

The announcement was made in a joint press conference between Iranian first Vice President Es'haq Jahangiri and Armenian Prime Minister Hovik Abrahamyan in Tehran on Monday.

Jahangiri also announced that Iran will build a hydropower plant in Armenia in a bid to execute previous bilateral agreements.

He also called on Tehran and Yerevan to boost their annual bilateral trade, which now stands at 300 million dollars.

"Given the fact that Armenia has recently joined the Eurasian [Economic Union], a good opportunity has been provided for the two countries' private sectors to trade goods and also export them to neighboring countries," Jahangiri added.

Iran is keen to use Armenia's soil as a transit route for export of goods to Russia, the official said.

Abrahamyan, for his part, said officials from the two sides will devise plans for enhancement of the economic relations through the planned high joint commission.

The Armenian prime minister arrived in Tehran on Monday to discuss bilateral ties and the latest regional and international developments with high-ranking Iranian officials.

A host of topics, particularly energy issues, is slated to be discussed during the two-day visit of the Armenian prime minister.


'Iran and Armenia have 'abundant' capacity for economic tries'

Later on Monday, Abrahamyan met Iranian President Hassan Rouhani.

During the meeting Rouhani said the visit by the Armenian prime minister would help activate Iran-Armenia economic ties.

He also called for using all existing capacity to expand relations between the two neighbors.

Given the serious determination and abundant capacity available for the expansion of ties, Iran and Armenia face a bright prospect in their mutual cooperation, he said.

Elsewhere in his remarks, Rouhani said Iran, Armenia, and all regional states should join hands to fight terrorism because security of the region will become sustainable in light of collective cooperation.

Security is a non-dividable category and if a country suffers from terrorism, other countries will suffer as well, Rouhani underlined.

He said Iran supports political and peaceful solution to regional crises within the frameworks of international law and regulations.

Abrahamian, for his part, hoped his Tehran visit will prepare the ground for closer relations particularly in the economic field.

He said his country is ready to develop political and economic cooperation with Iran.

... Payvand News - 10/21/14 ... --

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