Iran, Armenia set $3b annual trade target

TEHRAN,Dec.25(MNA) - Iran and Armenia have set the target of $3 billion in their annual bilateral trade, IRIB quoted Iran’s East Azarbaijan Province’s governor general Ahmad Alirezabeigi as saying. On December 2, Armenian Ambassador in Tehran Gregor Araklyan described Tehran-Yerevan ties as positive and said Iran is currently the 7th biggest trade partner of Armenia. He said the volume of trade exchanges between the two countries in 2011 amounted to dlrs 329 million. He noted that presently 500 Iranian companies are doing business in Armenia. Stressing that after gaining independence, his country adopted a policy of free trade and competitive market, he said among the ex-soviet countries, Armenia enjoys the most liberal trade network. He also said his country was apt for foreign investments in such areas as water, electricity, gas and mines, adding that Armenia would welcome Iranian experts and investors.