Friday, January 27 2017 12:04

ArmInfo. David Lokyan, the  Minister of Territorial Administration received Iranian Delegation,  headed by Mohsen Khadem Arab-Baghi, the Director of Aras free  ceconomic zone. According to the information of the Ministry pres  office, the meting was admitted also  by Seyed Kazem Sajjadi, the  Ambassador or Islamic Republic of Iran  to Armenia. 

Welcoming the guest David Lokyan accentuated the importance of  Armenian-Iranian relations improvement, mentioning in this context  the initiative of Amenian Government  in respect to establishment of  free economic zone at Armenian-Iranian Border. According to the  Minister, the establishment of FEZ could give a  serious new pulse to   the development of trade and industrial relations between two  countries. 

"There are already existing free economic zones in our country, but  Iranian experience could be an acceptable example for us. We also  provide Iran with the best tool to export Iranian goods to the market  of EEU," David Lokyan mentioned. 

David Lokyan referred also to the idea of FEZ between two countries  and accentuated the importance of friendly relations between Armenia  and Iran for this Issue. 

To mention, the cost of the Armenia-Iran Free Economic Zone  Project  is estimated at USD 28 mln, and idering operations expenses the total  cost is expected to form about USD 32 mln. It is expected that  in 10  years the profit of establishing company will form approximately USD  52 mln, and the number of the  FEZ establishing company employees is  60-70  persons. According to forecasts, in 10 years about 120  companies will be involved, with total export volume estimated at USD  80-100 mln.