Iran Economy NewsIran and Armenia look to strengthen economic ties

Iran and Armenia look to strengthen economic ties

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Iran Focus: Tehran, May 31 – Iranian Foreign Minister Ali Akbar Salehi and Armenian Minister of Energy and Natural Resources Armen Movsisyan met in Tehran on Monday at the 10th joint meeting of the Iran-Armenia Intergovernmental Commission.

Iran Focus

Tehran, May 31 – Iranian Foreign Minister Ali Akbar Salehi and Armenian Minister of Energy and Natural Resources Armen Movsisyan met in Tehran on Monday at the 10th joint meeting of the Iran-Armenia Intergovernmental Commission. The two sides signed a Memorandum of Understanding to expand economic and energy cooperation.

The state-run news agency Fars quoted Salehi as saying Iran was ready to finalise the two countries’ joint projects and agreements in energy, transportation, communication, trade and economic fields.

The current annual trade volume between the two countries stands at $270 million, Salehi said.

Iran’s hard-line President Mahmoud Ahmadinejad is due to visit Armenia next month. During the two-day trip which will start on 6 June, Ahmadinejad will meet with President Serzh Sargsyan.

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