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Iranian Foreign Minister Believes That The Annual Volume Of Armenian

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  • Iranian Foreign Minister Believes That The Annual Volume Of Armenian

    IRANIAN FOREIGN MINISTER BELIEVES THAT THE ANNUAL VOLUME OF ARMENIAN-IRANIAN TRADE TURNOVER CAN BE MADE $1BLN

    Mediamax, Armenia
    July 20 2007

    Yerevan, July 20 /Mediamax/. The session of the Armenian-Iranian
    Intergovernmental Commission under the Chairmanship of the Armenian
    Minister of Energy Armen Movsisian and the Minister of Foreign Affairs
    of Iran Manouchehr Mottaki, is in process in Yerevan today.

    Mediamax reports that, launching the session, Armen Movsisian recalled
    that on March 19 of 2007 the launching of the Iran-Armenia gas-pipeline
    took place in the presence of the presidents of the two countries,
    "which became a historical event, opening a new page in the bilateral
    relations".

    Armen Movsisian said that Intergovernmental Commission "carries out
    purposeful and productive work, the results of which are satisfying
    and encouraging".

    Manouchehr Mottaki informed that he is getting ready to sign a
    bilateral agreement on establishing a free-trade regime between
    Armenia and Iran.

    "If in 2005 the trade turnover between our states made $180mln, in
    2006 the same index exceeded $200mln, however, the given volume cannot
    satisfy us, since it does not correspond to the existing potential",
    Iranian Foreign Minister stated. According to him, "this year we need
    to make the given index at least $500mln, although the experts note
    that there is possibility of reaching the volume of $1bln".

    Manouchehr Mottaki welcomed the signing of the agreement on joint
    construction of the HPS on river Araks, which took place this spring,
    and the held talks on building oil-processing factory in Armenia
    with the participation of Russia, as well as the work on studying
    the possibilities of establishing a railroad communication between
    the two countries.
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