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Armenia Ready For Automobile JV With Iran

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  • Armenia Ready For Automobile JV With Iran

    Qatar News Agency
    January 16, 2013 Wednesday 10:46 AM EST


    Armenia Ready For Automobile JV With Iran



    Tehran, January 16 (QNA) - Armenia is ready to set up a joint venture
    with Iran's automobile industry, a senior provincial official has
    said.

    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, a Fars news agency report said.

    "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 is $9.4 Billion. Armenia's per capita income is
    $5,700 and the volume of foreign investment in the country is $570
    Million, Fars said. (QNA)

    SSS,LY


    From: Baghdasarian
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