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Armenia Eyeing Setting Up Joint Car Assembly Line With Iran

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  • Armenia Eyeing Setting Up Joint Car Assembly Line With Iran

    Armenia Eyeing Setting Up Joint Car Assembly Line With Iran

    14:26 | 2013-01-15

    Economy

    TEHRAN (FNA)- An Armenian provincial official said his country is
    ready for mutual cooperation with Iran's Northwestern province of
    East Azarbaijan in the auto-making industry.

    Governor-General of Armenia's Syunik province Suren Khachatrian made
    the remarks in a meeting with Governor-General of East Azarbaijan
    Alireza Beigi in Tabriz on Tuesday.

    "Syunik province can pave the way for the presence of East Azarbaijan's
    auto industry in global markets by setting up assembly lines of
    Iranian cars," Khachatrian said.

    He noted that the two countries have considerable capacities for
    boosting and reinvigorating their joint investments.

    Armenia is a member of the World Trade Organization and its Gross
    Domestic Product hits $9.4bln.

    Armenia's per capita income is $5,700 and the volume of foreign
    investment in the country is $570mln.

    Last month, Iranian Ambassador to Yerevan Mohammad Rayeesi stressed
    the age-old and close ties and cooperation between Tehran and Yerevan,
    and said the relations with Armenia are of great importance to Iran.

    The Islamic Republic of Iran welcomes expansion of ties with Armenia,
    Rayeesi said in December, adding that Iran is willing to develop
    cooperation with Armenia in all areas on mutual interests.

    He made the remark during his tour of Yerevan College for International
    Relations Studies.

    In recent years, Iran and its Northern neighbor Armenia have boosted
    cooperation, signed agreements on energy cooperation and agreed to
    cooperate in technology and research and to enhance ties in commerce
    and economy.

    Iranian President Mahmoud Ahmadinejad and his Armenian counterpart
    pledged in December 2011 to further expand "high-level relations"
    between their nations and, in particular, give new impetus to the
    implementation of joint energy projects that have fallen behind
    schedule.

    In early October, Iranian Foreign Minister Ali Akbar Salehi and his
    Armenian counterpart Edward Nalbandian met at the UN Headquarters
    in New York to discuss bilateral ties and regional and international
    issues.

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