Friday, August 25 2023 18:26

Armenia, Iran to facilitate mechanisms for regulating trade flows  between countries

Armenia, Iran to facilitate mechanisms for regulating trade flows  between countries

ArmInfo.Armenia and Iran intend to facilitate mechanisms, including in the field of collecting customs duties on the border of the two countries. This was discussed at today's  meeting between Head of the State Revenue Committee (SRC) of Armenia  Rustam Badasyan and Advisor to the President of the Islamic Republic  of Iran, Secretary of Iran's Free Zones High Council, Hojatollah  Abdolmaleki.

According to the press service of the RA SRC, during the meeting the  parties discussed a number of issues aimed at further development of  bilateral cooperation. In particular, mechanisms were considered  aimed at quickly and effectively solving problems arising between the  Meghri-Norduz border checkpoints, the possibility of zeroing the duty  for trucks entering the country, as well as establishing the process  of electronic information exchange.  The adviser to the President of  Iran stressed the importance of close cooperation between the customs  authorities of the Republic of Armenia and the Islamic Republic of  Iran in the context of promoting mutual trade and increasing the  volume of trade between the two countries.

As a result of the discussion, an agreement was reached on the  consistent continuation of working meetings in order to record  objective results.

In a meeting with Armenian Prime Minister Nikol Pashinyan at the end  of last year, Iranian President Ebrahim Raisi mentioned that an  increase in trade with Armenia up to $3 billion is achievable,  although at the end of last year was a little more than $700 million,  having increased by 45% over the year.