Tuesday, December 5 2023 14:22
Alexandr Avanesov

Armenia could serve as a bridge between India, Iran and EAEU  member-states - Mnastakan Safaryan 

Armenia could serve as a bridge between India, Iran and EAEU  member-states - Mnastakan Safaryan 

ArmInfo. Armenia could serve as a bridge between India, Iran and EAEU member-states, Armenia's  Deputy FM Mnatsakan Safaryan stated at the conference entitled "New Regional Realities and the 'Crossroads of Peace'" which has opened in Yerevan.

According to him, Armenia strives to develop traditionally good  neighborly relations with Iran, and active steps are being taken to  build up the economic component in bilateral relations, including  within the framework of multilateral cooperation. In this context,  Yerevan notes the importance of joint efforts in implementing  programs aimed at developing regional cargo transportation,  infrastructure, transport communications, as well as energy projects  of mutual interest. Iran is Armenia's fourth partner in terms of  trade volumes, and the most important transit route for cargo  transportation towards Asia and the Middle East.

As the Deputy Minister emphasized, the opening of borders with Turkey  can also play a decisive role. An agreement has already been reached  to open borders to third-country citizens holding diplomatic  passports.  "We hope that this significant step will be implemented  in the near future," Safaryan said.

As for India, as the Deputy Minister emphasized, Armenia has always  shown interest in the cultural heritage of this country. Over the  past 30 years, traditionally friendly relations with India have been  consistently strengthened, and over the past three years, these ties  have begun to develop at an accelerated pace, especially when it  comes to political dialogue. The development of relations between  Yerevan and New Delhi is one of Armenia's foreign policy priorities.  Most recently, a new format of cooperation between Armenia, Iran and  India was launched. In April of this year, the first negotiations  between representatives of the Foreign Ministries of the three states  were held, during which economic problems and ways to solve them, as  well as areas for deepening cooperation in the field of culture were  discussed.

"Armenia can become a bridge between India, Iran and the EAEU  countries. "Since Iran has an agreement on a Free Trade Area with the  EAEU, and India is at the stage of negotiations on a similar legal  mechanism, Armenia as a member of the Union can be a bridge for  Tehran, New Delhi and other members of the Organization," Safaryan  said, adding, that in this regard, the Persian Gulf - Black Sea  corridor can become an additional incentive for expanding  cooperation.

In turn, Iranian Ambassador to Armenia Mehdi Sobhani emphasized that  the transport corridor from India through Iran and Armenia will  become a reliable direction towards Europe. He added that Iran's  border with Armenia is short in length, but one of the best in  quality. It has always been the border of peace and friendship.

The diplomat emphasized that relations between Armenia and Tehran are  developing in different directions.  Trade turnover between the two  countries has reached $1 billion. Both countries have mutually  beneficial projects in energy and infrastructure. "We are also trying  to explore the hidden potential of our countries.  There is no doubt  that transit infrastructure, as well as the opening of regional  communications, will not only help strengthen bilateral relations,  but will also open the way to regional development," the Iranian  ambassador said.

In this context, the diplomat pointed out the importance of the  transport corridor from the Indian port of Chabahar to Armenia and  further to Georgian ports on the Black Sea, which will become a  reliable route for sending goods to the North and Europe. The  development of this road, according to Sobhani, will insure countries  from the effects of external factors. "The more communication routes  countries have, the more important they will become in the world.  Iran supports the territorial integrity of Armenia, peace and  stability in the region," concluded the Iranian diplomat.

Meanwhile, as Indian Ambassador to Armenia Nilakshi Saha Sinha noted,  New Delhi welcomes Yerevan's decision to become a participant in the  Chabahar port development project and is ready to work with Yerevan  within the framework of the North-South road transport corridor.  "India and Iran are closely cooperating within the framework of the  North-South corridor, which connects the Persian Gulf countries with  the Caspian Sea, the Russian Federation and the EU. Armenia is also  part of the project, and we are ready to work with it to understand  how it can benefit from the functioning of this corridor," the  diplomat said. She also emphasized that increasing economic flows to  Asia opens up new opportunities for countries in the region. The  Ambassador emphasized that India proposed to include the Chabahar  port in the North- South ITC project, and this will soon become a  reality. "Armenia is developing its infrastructure and logistics  capabilities from the Iranian border in the south to the Georgian  border in the north. Some Indian companies are interested in this  project. We are ready to participate in the implementation of  infrastructure programs in Armenia," said the Indian diplomat.

Back in 2016, Iran put forward a regional initiative to expand the  international transport and transit corridor "Persian Gulf - Black  Sea", which, in addition to the Islamic Republic itself, includes  Armenia, the Republic of Azerbaijan, Georgia, Bulgaria and Greece.  This multimodal corridor starts from the Persian Gulf and southern  Iran, then runs north across the country and then into Armenia and/or  Azerbaijan, from where it reaches the Georgian ports of Poti and  Batumi on the Black Sea. From there, ships with wheeled vehicles  carrying cargo cross the Black Sea, heading to the Bulgarian ports  (Burgas and Varna), after which the cargo is sent again by road to  Greece and further to the EU. After four rounds of expert  negotiations - in Tehran (2016), Sofia (2017), Tbilisi (2018) and  again in Tehran (2019), the fifth meeting of experts on this corridor  was organized by the Ministry of Foreign Affairs of the Republic of  Armenia in Yerevan April 19, 2021.  

POST A COMMENT
Input digits     


News
Alkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure developmentAlkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure development
CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%
Government writes off 469 financial obligations of Artsakh citizens  on loans secured by goldGovernment writes off 469 financial obligations of Artsakh citizens  on loans secured by gold
Food products, services cause of 0.8% inflation in Jan-Apr 2024 Food products, services cause of 0.8% inflation in Jan-Apr 2024 
Armenia`s Deputy Premier receives IMF delegationArmenia`s Deputy Premier receives IMF delegation
Armenian Economy Minister travels to USA on week-long working visitArmenian Economy Minister travels to USA on week-long working visit
Armenia is trapped in Armenia is trapped in "Dutch disease" - economist
“By Your Side”: IDBank`s new support program for displaced Artsakh citizens“By Your Side”: IDBank`s new support program for displaced Artsakh citizens
Team Telecom Armenia develops Be Free packageTeam Telecom Armenia develops Be Free package
Armenia scares with its high prices: Economist sounds alarm due to  reduction in exports of servicesArmenia scares with its high prices: Economist sounds alarm due to  reduction in exports of services
Large crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 millionLarge crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 million
Eurowings launches Berlin-Yerevan-Berlin flightsEurowings launches Berlin-Yerevan-Berlin flights
Russia bans sugar exports; 28 thousand tons allowed to be exported to  ArmeniaRussia bans sugar exports; 28 thousand tons allowed to be exported to  Armenia
The Power of One Dram to the Road of Life Charitable OrganizationThe Power of One Dram to the Road of Life Charitable Organization
EBRD to provide Armenia with EUR 9.3 million to support green  technologiesEBRD to provide Armenia with EUR 9.3 million to support green  technologies
WB recommends Armenia to develop investment strategy; revise  20-year-old sectoral lawWB recommends Armenia to develop investment strategy; revise  20-year-old sectoral law
In Jan-March 2024, Armenian state budget revenues increased by AMD41  billion y-o-yIn Jan-March 2024, Armenian state budget revenues increased by AMD41  billion y-o-y
Ardshinbank CJSC has announced about the launch of a new  refinancing business loanArdshinbank CJSC has announced about the launch of a new refinancing business loan
WB expert on lack of economic diversification in terms of trade  partners and export products of Armenia WB expert on lack of economic diversification in terms of trade  partners and export products of Armenia 
EAEU agreement on mutual recognition of documents on academic degreesEAEU agreement on mutual recognition of documents on academic degrees
Intellectual property protection of key importance for economic  development and investment environment - premier Intellectual property protection of key importance for economic  development and investment environment - premier 
Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024
Government approves ratification of agreement on determining origin  of goods exported from EAEUGovernment approves ratification of agreement on determining origin  of goods exported from EAEU
FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights 
Armenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support programArmenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support program
Team becomes TUMO`s main technology partner Team becomes TUMO`s main technology partner 
Armenia to allocate over $6 million to host EBRD Annual MeetingArmenia to allocate over $6 million to host EBRD Annual Meeting
Turnover tax doubled in Armenia Turnover tax doubled in Armenia 
Budget programme performance mechanism to be introduced in Armenia Budget programme performance mechanism to be introduced in Armenia 
Expert: Stimulating employment is critical in fight against poverty  in ArmeniaExpert: Stimulating employment is critical in fight against poverty  in Armenia
Armenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current yearArmenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current year
Scientists and economists discuss deepening financial integration in  EAEU at International Conference at RAUScientists and economists discuss deepening financial integration in  EAEU at International Conference at RAU
Renshin to build World Trade Center in YerevanRenshin to build World Trade Center in Yerevan
Armenia`s MIA, ADB discuss disaster risk management engagement  opportunitiesArmenia`s MIA, ADB discuss disaster risk management engagement  opportunities
Acba Bank to start public placement of its next USD, AMD bonds on May  2Acba Bank to start public placement of its next USD, AMD bonds on May  2
Martin Galstyan points out lending activity in Armenia`s banking  system Martin Galstyan points out lending activity in Armenia`s banking  system 
Central Bank Governor: external demand is more restrained than last  yearCentral Bank Governor: external demand is more restrained than last  year
WB approves $116 million for Armenia in support of green, inclusive  and sustainable developmentWB approves $116 million for Armenia in support of green, inclusive  and sustainable development
CBA further reduces refinancing rate to 8.25% from 8.5% CBA further reduces refinancing rate to 8.25% from 8.5% 
Idram and IDBank at Career City FestIdram and IDBank at Career City Fest
Deputy premier: WB is not only donor organization, but also important  partner for ArmeniaDeputy premier: WB is not only donor organization, but also important  partner for Armenia
Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%
Over 10 cases initiated against biometric personal data processorsOver 10 cases initiated against biometric personal data processors
IT companies increased tax payments to state budget by 3.5%IT companies increased tax payments to state budget by 3.5%
High-Tech Minister visits Digitain,  one of leading Armenian  companies in iGaming High-Tech Minister visits Digitain,  one of leading Armenian  companies in iGaming 
Moscow reacts to gas overtures between Yerevan and Baku Moscow reacts to gas overtures between Yerevan and Baku 
Abgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sourcesAbgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sources
Expert: Armenia`s energy independence level  is about 27%Expert: Armenia`s energy independence level  is about 27%
Converse Bank bonds were bought in primary market within daysConverse Bank bonds were bought in primary market within days
ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024
Armenia`s government plans introducing SAFE format Armenia`s government plans introducing SAFE format 
Armenia`s Civil Aviation Committee to render paid servicesArmenia`s Civil Aviation Committee to render paid services
New regulations for fulfillment of tax obligations of organizers  engaged in gaming activitiesNew regulations for fulfillment of tax obligations of organizers  engaged in gaming activities
New tax reporting mechanism to be introduced in Armenia New tax reporting mechanism to be introduced in Armenia 
RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village 
Yerevan ready to discuss purchase of Azerbaijani gas with Baku -  SimonyanYerevan ready to discuss purchase of Azerbaijani gas with Baku -  Simonyan
Taxable jobs 5% up in Armenia Taxable jobs 5% up in Armenia 
Binance and Binance Academy announce large-scale online educational  project Binance and Binance Academy announce large-scale online educational  project "Crypto School"
ArmSwissBank Brings Apple Pay to CustomersArmSwissBank Brings Apple Pay to Customers
Armenia participates in 80th session of UNESCAPArmenia participates in 80th session of UNESCAP
Read more


Exchange rates
10.05.2024
RUB4.20-0.01
USD388.010.00
EUR418.241.13
GBP486.251.35
CAD283.611.34
JPY24.91-0.06
CNY53.710.02
CHF427.940.95