Iran, Armenia willing to launch joint investment projects

EghtesadOnline: Governor of Iran's Customs House Masoud Karbasyan said on Saturday that promoting investments is a priority of both countries of Iran and Armenia.

News ID: ۷۷۱۴۹۵

20 November 2016

He made the remarks in a meeting with the Armenian Minister of Economic Development and Investment Suren Karayan, according to IRNA.

Karbasyan said that the agreements made with the head of Armenian State Revenue Committee on customs affairs would serve to boost further development of economic cooperation.

Pointing to Armenia's membership to the Economic Union of Eurasia and its role as linking Iran with the union, he appreciated continuous efforts of the Armenian government in the talks between Iran and Economic Union of Eurasia.

Economic Union of Eurasia currently comprises Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia, with a total population of 180 million.

Karayan, for his part, called for removing obstacles in the way of economic cooperation between the two countries.

Referring to the importance of establishing free trade zone, he said that this requires efforts by both sides.

The Armenian official said that easing customs regulations will play a crucial role to enhance economic cooperation.

In 2013, Iran exported goods worth of $198 to Armenia and imported $95 million dollars from the country.