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Official Hails Huge Increase in Iran-Armenia Trade Exchanges

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  • Official Hails Huge Increase in Iran-Armenia Trade Exchanges

    Fars News Agency , Iran
    May 23 2009



    Official Hails Huge Increase in Iran-Armenia Trade Exchanges


    TEHRAN (FNA)- The Iran-Armenia trade balance has undergone a ten-fold
    increase during 1998-2008, a senior Iranian trade official announced
    on Saturday.

    "While the trade balance between Iran and Armenia stayed at $11.8
    million in 1998, it increased to $119.61 million in 2008," Director
    General of the Europe and America Trade Office of the Trade Promotion
    Organization of Iran (TPO) Abd al-Hamid Assadian said.

    He said that Iran's exports to Armenia stood at $37 million a decade
    ago, but it reached $141.18 million last year.

    Pointing to the measures adopted by TPO to promote trade exchanges
    with Armenia, Assadian reiterated that setting up of Iranian stores in
    Yerevan, formation of a joint chamber of commerce, launch of operation
    by the Iranian traders' union and operation of Iran's Mellat bank in
    Yerevan were among the major steps taken in this regard.

    Earlier in April Armenian President Serzh Sargsyan visited Tehran and
    discussed with senior Iranian officials ways of expanding bilateral
    relations.

    Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei
    then told Sargsyan that he viewed relations between Iran and Armenia
    as "very good", and stressed the need for the further bolstering of
    ties between the two neighboring states.

    From: Emil Lazarian | Ararat NewsPress
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