Iran Establishes a Trade Center in Armenia

A0168833.jpgTEHRAN (Fars News Agency)- Iran is scheduled to found a trade center in its northern neighbor, the Republic of Armenia, an official from the country’s Trade Development Organization said.

The deputy director of Iran’s Trade and Development Organization for Logistics and Management Development Afghahi pointed to the significance of the Armenian market and enthusiasm of Iranian traders for conducting business activity in that country, and added, “In addition to the inclination of Iranian and Armenian businessmen to increase exchanges, the historical background shared by the two nations, existence of the Armenian minority in Iran and the importance of the two countries’ relations, specially with regard to the establishment of stability in the region, have all encouraged our organization to give top priority to the expansion of exports to the Armenian market, specially in technical and engineering grounds.”

He said Iran-Armenia trade exchanges, currently standing at $200 mln, show an increase of $10 mln compared to that of the last year, adding that Iran-Armenia trade balance amounts to $140 m in favor of Iran at present.

As regards the present conditions in the Armenian market, he said that Armenia’s total imports amount to $1.8 bln meaning that Iran’s exports to Armenia constitute 9% of the latter’s total imports.

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