The value of Iran’s exports to Armenia increased 21 percent in the first quarter of the current Iranian calendar year (March 21-June 21), from the first quarter of the previous year, the spokesman of Islamic Republic of Iran Customs Administration (IRICA) announced, Mehr News reports.
Ruhollah Latifi said that Iran exported commodities worth $74 million to Armenia in the three-month period.
Iran and Armenia signed a memorandum of understanding at the end of the two countries’ 17th meeting of Joint Economic Committee in Yerevan in mid-May.
The MOU, which covers cooperation in areas of transit, transportation, facilitation of exchange of goods, energy, development of environmental cooperation in Aras area and removal of pollution from border rivers, as well as medical tourism, was signed by Iranian Energy Minister Ali-Akbar Mehrabian and Armenian Deputy Prime Minister Mher Grigoryan, who are the chairmen of the two countries’ Joint Economic Committee.
In that meeting, which was attended by a large number of deputy ministers, senior officials, ambassadors, and members of parliament of the two countries, the main issues that play a key role in the development of relations between the two countries were discussed.
According to the officials, the purpose of holding the 17th meeting of Iran-Armenia Joint Economic Committee was the real and tangible development of relations between the two countries.
In late April, Iranian Finance and Economic Affairs Minister Ehsan Khandouzi headed a delegation on a visit to Armenia to hold talks with the country’s senior officials with the aim of expanding economic ties between the two nations.
During the visit, Khandouzi met with Armenia’s Deputy Prime Minister Mher Herbert Grigoryan, the country’s Economy Minister Vahan Kerobyan, and Minister of Finance Tigran Khachatryan.