19:45
 Monday, July 25 2022 19:45

Iran successfully expands trade with Armenia: Iran TPO head

Iran successfully expands trade with Armenia: Iran TPO head

ArmInfo. Head of the Iranian Trade Promotion Organization (TPO), Alireza Peymanpak, said that Iran has managed to expand trade ties with Armenia, and last year, technical services worth $2.3 billion were exported to our country. According to him,  Armenia, as a member of the Eurasian Economic Union (EAEU), is a  target for expanding foreign trade.

Peymanpak, who is also Iranian Deputy Minister of Industry, Mine and  Trade, said Tehran and Yerevan agreed to strengthen ties in areas  such as industry, mining, joint industrial clusters, and the  development of exports of technical services. The Parties are  strengthening cooperation to expand trade relations with third  countries.

The administration of President Ibrahim Raisi is committed to  expanding target markets for Iran's economy, the official said. He  expressed hope that the export of technical services will reach $8  billion from the previous year.

Before meeting with journalists, Peymanpak took part in a meeting of  the joint Iranian-Armenian working group, during which he said that  Tehran and Yerevan had concluded agreements to establish supply  chains for building materials and food in cooperation with Russia.  They also agreed to strengthen contacts in the banking sector,  mining, road construction and exports. These agreements will be  signed in the coming weeks.

He said that Iranian construction companies have applied for the  construction of the Sisian road in Armenia, which will connect Iran  with Russia through Georgia.  The Deputy Minister of Economy of  Armenia, who took part in the meeting, said that Iran and Armenia  reached a trade turnover of 245 million in the last five months of  this year, but considered these figures unsatisfactory. He welcomed  the presence of Iranian companies in the construction of the Sisian  road and said that Armenia is ready to use Iranian ports on the  Caspian Sea to transport its goods, including to Russia.