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7th Sitting Of Armenian-Iranian Intergovernmental Commission Opens I

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  • 7th Sitting Of Armenian-Iranian Intergovernmental Commission Opens I

    7th SITTING OF ARMENIAN-IRANIAN INTERGOVERNMENTAL COMMISSION OPENS
    IN YEREVAN

    YEREVAN, JULY 20, NOYAN TAPAN. The 7th sitting of Armenian-Iranian
    Intergovernmental Commission opened on July 20 in Yerevan. Manouchehr
    Mottaki, the Foreign Minister of Iran, the Commission's Iranian
    Co-chairman, has arrived in Armenia for the purpose of taking part in
    the sitting. The Commission's Armenian Co-chairman is the RA Minister
    of Energy, Armen Movsisian.

    M. Mottaki said that in the recent years the Armenian-Iranian relations
    have advanced and registered considerable achievements, including
    the construction of the Iran-Armenia gas pipeline, construction of
    a wind power plant in the territory of Armenia by Iran, increase of
    border exchanges and traffic up to more than 60 thousand lorries,
    motor cars, to name but a few.

    There are a number of important programs at present, including
    construction of a HPP on river Araks, establishment of a direct
    railway communication between the two countries, construction of oil
    cultivating factory in the territory of Armenia with the participation
    of Iran, Armenia, and Russia, creation of an Iranian trade center in
    Armenia with the participation of the private sector.

    In A. Mottaki's words, one of the most important spheres of economic
    cooperation is the banking sphere, and the foundation of an Armenian
    bank in Iran can rise the level of financial-banking communication
    between the two countries. It was mentioned that the Iranian Mellat
    bank operates in Yerevan.

    It was also mentioned that last year commodity circulation between
    the two countries made 200m USD.
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