Iran and Armenia to finalize free trade agreement

Iran and Armenia to finalize

free trade agreement


08:45 • 25.10.10
Iran and Armenia will sign a free trade agreement (FTA) during the Armenian Prime Minister Tigran Sargsyan's upcoming visit to Tehran, reports Tehran Times.
In a recent meeting held between Armenian Economy Minister Nerses Yeritsyan and Iranian Commerce Minister Mehdi Ghazanfari, the two sides discussed possible ways to boost bilateral trade cooperation, it adds.
Tigran Sargsyan is due to leave for in Tehran on Monday.
Tehran presented the draft of FTA to enhance the two-way transactions to Yerevan in August 2009.
Armenia’s trade value with Iran accounts for the $300 million.
Iran’s and Armenia’s bilateral trade value stood at $45 million during the first four months of current Iranian calendar year (started March 20, 2010).
Tehran’s exports to Yerevan accounted for $31 million of the mentioned amount.

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