Tuesday, January 14 2025 14:03
Alina Hovhannisyan

Armenia, Iran to expand cooperation in industry, agriculture tourism 

Armenia, Iran to expand cooperation in industry, agriculture tourism 

ArmInfo. Economic relations between Armenia and Iran are at a high level, and in order to  maintain and deepen them, it is necessary to intensify practical  actions to increase trade turnover and expand areas of cooperation.  This was stated by the Minister of Economy of Armenia Gevorg Papoyan  during a meeting with the delegation of the Majlis (Iranian  parliament), headed by the head of the IRI-RA friendship group Ara  Shahverdyan. The meeting was also attended by the Ambassador of Iran  to Armenia Mehdi Sobhani and the head of the RA-IRI parliamentary  friendship group of the National Assembly of Armenia Narek Babayan.

As reported by the press service of the Ministry of Economy, the  interlocutors discussed the most promising areas of bilateral  cooperation. In this context, particular importance was attached to  expanding the possibilities of interaction in the fields of industry,  agriculture, and tourism.

The Minister briefly presented the instruments of state support in  the economic sphere and expressed readiness to stimulate the process  of implementing foreign investment projects in the Republic of  Armenia.  Gevorg Papoyan emphasized the importance of organizing  regular business forums to develop ties between the businesses of the  two countries, implement joint programs in the future and establish  close cooperation.

In order to raise awareness of the tourism potential of Armenia and  Iran and stimulate the growth of tourist visits between the two  countries, it was proposed to organize familiarization visits for  media representatives of the two countries.

The parties also touched upon the possibility of opening a  representative office of Armenia in the Iranian port of Chabahar.

It should be noted that according to the Statistical Committee of the  Republic of Armenia, the foreign trade turnover between Armenia and  Iran in January-November 2024 increased by 5.2%, amounting to $661.5  million. At the same time, exports increased by 13% to $99.3 million,  against the background of import growth by 3.9% to $562.2 million.

In the period from January to September 2024, the share of Iranian  tourists visiting Armenia accounted for 9%, which is 13.1% lower than  the figure for the previous year. In total, during this period, the  number of tourists vacationing in Armenia exceeded 1.7 million  people.

Iran intends to connect its ports located in the Gulf of Oman  (Chabahar Port) and the Persian Gulf (Bandar Abbas, Imam Khomeini and  Khorramshahr ports) in the south of the country with ports located on  the Black and Caspian Seas through the Iranian railway network.  Connecting the Gulf to the Black Sea will connect four key sea  basins, namely the Gulf of Oman, the Caspian Sea (Iran-Azerbaijan),  the Black Sea (Georgia, Bulgaria) and the Mediterranean Sea (Greece).  In the South Caucasus, Armenia is the only country that is a member  of the EAEU and, therefore, serves as a direct bridge between Iran  and the bloc, which clearly underlines the importance of the Persian  Gulf-Black Sea international transport and transit corridor for Iran.  Back in March 2021, the Indian Ambassador to Iran said that the  country was going to include Armenia in the North-South Transport  Corridor being created through the Iranian port of Chabahar.  In  August of the same year, at the Indian Embassy in Armenia, Acting  Foreign Minister Armen Grigoryan stated that Yerevan was closely  monitoring India's active involvement in the North-South  International Transport Corridor project and India's interest in  developing the port of Chabahar, and was ready to participate in the  work to implement this program. In May 2023, by the decision of the  Prime Minister, an interdepartmental working group was created in the  Republic of Armenia to consider the launch of an international  multimodal high-speed route and the implementation of operator  activities in the Iranian port of Chabahar. In June of the same year,  the head of the Ministry of Economy Vahan Kerobyan announced that  Armenia could become an operator in the Iranian port of Chabahar.  

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