ArmInfo. Iran is interested in importing small cattle from Armenia, Mr Seyyed Reza Fatemi Amin, Industry, Mining and Trade Minister of Iran, stated at his meeting with Armenia's Minister of Economy Vahan Kerobyan.
The sides discussed the prospects of bilateral agricultural cooperation, as well as joint machine-building projects and investment programmes, particularly the possibility of establishing electric vehicle production.
The ministers also discussed opportunities for increasing Armenian-Iranian trade, establishment of clusters with Iranian companies' participation.
Seyyed Reza Fatemi Amin and Vahan Kerobyan also discussed the improvement of logistic infrastructures, simplification of cargo transportation procedures, reduction of customs duties for Iranian trucks. Minister Kerobyan promised necessary efforts to settle the issues.
Mr Seyyed Reza Fatemi Amin pointed out high-level political and cultural relations between Armenia and Iran and stressed a need for practical steps to raise the level of economic cooperation.
Minister Kerobyan pointed out a 25% growth in Armenian-Iranian trade last year.
"Our goal is to bring it to $1bln. I hope the planned meetings as part of your visit will be effective and will strengthen our trade ties and facilitate the implementation of large-scale projects," the minister said.
Attending the meeting were also Iranian Ambassador to Armenia Abbas Badakhshan Zohouri, Iranian MPs and RA Vice-Ministers of Economy Narek Teryan and Arshak Aslanyan.
In 2021, Armenian-Iranian trade turnover reached $502.8mln. Exports totaled $65.5mln, with imports totaling $437.3mln.
