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Armenia, Iran To Sign Free Trade Agreement

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  • Armenia, Iran To Sign Free Trade Agreement

    ARMENIA, IRAN TO SIGN FREE TRADE AGREEMENT

    ARKA News Agency, Armenia
    June 14 2007

    YEREVAN, June 14. /ARKA/. Armenia and Iran are expected to sign an
    agreement on free trade regime. The issue was discussed at a meeting
    between RA Prime Minister Serge Sargsyan and Iranian Ambassador to
    Armenia Alireza Khakikian.

    The Public Relations Department, RA Government, reports that Premier
    Sargsyan expressed hope that the meeting of the Intergovernmental
    Commission scheduled for July will contribute to the development and
    consolidation of economic relations.

    Premier Sargsayan expressed satisfaction over successful implementation
    of the programs under high-level agreements.

    In his turn, the Iranian Ambassador pointed out the importance of
    the planned meeting. He said that the Iranian side is making serious
    preparation for the meeting.

    Besides the free trade agreement, Ambassador Khakikian emphasized
    cooperation in the petrochemical industry, as well as the construction
    of a hydro-power plant on the Araks River. He stressed that the
    energy to be generated by the hydro-power plant will contribute to
    the development of a number of borderline regions, and the energy
    surplus will be used in exchange with Iran.

    The Ambassador also reported that a join commission is expected to
    be formed to encourage investments.

    During the meeting Ambassador Khakikian conveyed to Premier Sargsyan
    congratulations on his appointment from the Iranian Vice-President,
    as well as success to the Armenian Government and the entire Armenian
    people.
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