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Iran-Armenia Trade Volume Hits $293mn In 2013

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  • Iran-Armenia Trade Volume Hits $293mn In 2013

    IRAN-ARMENIA TRADE VOLUME HITS $293MN IN 2013

    Iranian Government News
    May 15, 2014 Thursday

    Tehran

    The IRIB has issued following news:

    Iran's commercial attache in Armenia says the trade turnover between
    the two neighboring countries totaled USD 293 million in 2013.

    Hamaiak Avadis Yanes said Thursday that Iran exported USD 198 million
    worth of goods to its northern neighbor in 2013 while Armenia sold
    USD 95 worth of commodities to the Islamic Republic.

    Yanes said that the trade balance between the two countries also
    stood at positive 103 percent in 2013.

    According to the Iranian official, Iran's exports to Armenia mainly
    included bitumen, industrial oil, ammonium nitrate, soybean oil and
    oxides while Armenia's main exports to Iran were aluminum and cast
    iron scraps.

    He described Iran as a major trade partner for Armenia, which he said
    is a prime market for the Islamic Republic in the Caucasian region.

    Iran and Armenia have taken major strides toward promoting their
    bilateral relations over the recent years, particularly in the
    economic sector.

    In a meeting with visiting Armenian Deputy Foreign Minister Shavarsh
    Kocharyan in Tehran in December 2013, Iranian Foreign Minister Mohammad
    Javad Zarif hailed the "longstanding" and "friendly" relations between
    Iran and neighboring Armenia.

    The administration of Iranian President Hassan Rouhani "attaches
    special significance to the expansion of ties with neighbors and we
    are willing to bolster these relations more than before," said the
    top Iranian diplomat.

    Zarif further said that Iran and Armenia enjoy great economic and
    commercial grounds for cooperation, which they need to tap into in
    order to boost bilateral ties.



    From: Emil Lazarian | Ararat NewsPress
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