Tehran, Yerevan Discuss Boosting Economic and Trade Ties

During a meeting between the Armenian ambassador to Iran and the secretary of Iran’s Supreme Council of Free Trade and Special Economic Zones, they discussed ways to enhance bilateral cooperation and strengthen economic, trade, and investment relations between the two countries.

Grigor Hakovian, the ambassador of Armenia to Iran, met with Reza Masrour, the secretary of Iran’s Supreme Council of Free Trade and Special Economic Zones, to explore avenues for expanding bilateral cooperation and enhancing economic, trade, and investment ties between the two nations, The Caspian Post reports citing Tehran Times.

During this meeting, the two sides exchanged views on existing economic capacities between the two countries and emphasized the introduction of investment opportunities and the development of joint packages to attract domestic and foreign investors.

The Armenian ambassador and the secretary of Iran’s Supreme Council of Free Trade and Special Economic Zones noted the advantages of Armenia’s membership in the Eurasian Economic Union, describing it as a valuable opportunity for Iranian free zone producers and investors to gain broader access to the markets of the union’s member states.

The development of joint Iranian-Armenian productions and their supply in Eurasian markets was also presented as an effective strategy to increase the two countries’ share in regional trade.

Additionally, the meeting emphasized organizing joint investment tours with the participation of economic actors from both countries and making maximum use of the transit corridor capacities between Iran and Armenia, particularly the North-South and East-West routes.