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Trade turnover between Iran and Armenia must reach $ 3 billion

2012-12-24 15:43

Leaders of Iran and Armenia set a goal to increase the volume of the annual turnover to $ 3 billion, the reports. The governor of the province of Eastern Azerbaijan said that Iran was seeking to increase its share in the trade between the two countries.


As for his three-day visit to Armenia last week, he said that during this trip he had achieved important agreements, which could be the basis for further improvement of bilateral cooperation.

According to the governor, the successful cooperation between the two countries was conducive to the long-standing relationship among them. Owing to the special geographical location of Armenia the only route for the most important supplies to the country passes through the Iranian province of Eastern Azerbaijan and therefore, given its economic potential it can become Armenia's major partner.

The two countries have reached an agreement on the use of the industrial potential of the province of East Azerbaijan to meet Armenia's needs in agricultural machinery, as well as the opportunities of Armenia to establish there livestock and dairy production, the Armenia Today.


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