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100-member Iranian trade and economic delegation to visit Armenia next month

Armenia and Iran are “likely to use” local currencies in trade activities with each other, Chairman of Iran-Armenia Joint Chamber of Commerce Hervik Yarijanian told a briefing in Tehran today, Mehr News reports.

“We are following up necessary measures to do business with hard currencies of the two countries i.e. rials and drams,” he said.

Hervik Yarijanian added that during a recent meeting Armenian President Armen Sarkissian said “Armenia attaches great importance to its relationship with the Islamic Republic of Iran and intends to increase mutual investment between the two countries.”

Dispatching trade and business delegations, setting up exhibitions and taking maximum advantage of potentials and capacities of the two countries are of salient programs, he highlighted.

Turning to Meghri Free Economic Zone, he added: “this Zone has not yet been activated. With the activation of this Zone in the vicinity of Iranian borders, we can connect factories and service systems to Eurasian Economic Union (EEU) system.”

Yarijanian said a 100-member Iranian trade and economic delegation will be dispatched to Armenia next month.

Chairman of Iran-Armenia Joint Chamber of Commerce put the total trade volume of the two countries at $300 million and added, “energy is the major field of cooperation between Iran and Armenia.”

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