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Armenia, Iran To Establish Joint Free Trade Zone, Official Says

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  • Armenia, Iran To Establish Joint Free Trade Zone, Official Says

    ARMENIA, IRAN TO ESTABLISH JOINT FREE TRADE ZONE, OFFICIAL SAYS

    armradio.am
    16.07.2012 12:35

    A senior Iranian official announced Iran and Armenia's plans to
    establish a joint free trade zone, Fars News Agency reports.

    Caretaker of Aras Free Trade Zone Sadeq Najafi made the remarks in a
    meeting with the governor of Armenia's Syunik province, during which
    the two sides inked a Memorandum of Understanding (MoU) on cooperation
    in investment, trade and environmental sectors.

    "In this MoU, it was agreed that an Iranian-Armenian free trade zone
    will be established for joint investment by Aras Free Trade Zone and
    Syunik province," Najafi said in Armenia on Sunday.

    The two sides also agreed to create a joint border market at Nordouz
    border which is located within the boundaries of Aras Free Trade Zone,
    he added.

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