News ID: 90222
Publish Date : 15 May 2021 - 21:13
TEHRAN (Dispatches) - Chairman of Iran-Armenia Joint Chamber of Commerce Hervik Yarijanian said on Saturday the countries are planning to considerably increase the level of their trade volume by setting up free trade zones at their common borders.
"Meghri free trade zone will be opened soon in Aras region in Northwestern Iran which can boost the volume of trade between Iran and Armenia up to $1 billion,” Yarijanian said.
The official pointed out that the two countries can boost their trade exchanges to $1.2 billion in less than a year.
In late January, Iran’s Economy Minister Farhad Dejpasand said the current annual trade volume of $300 million between Iran and Armenia can grow to $1 billion given the export and import capacity of the two countries.
Iran and Armenia can increase their annual trade of $300 billion to $1 billion with the capacity of exports and imports that exist between the two nations, Dejpsand said in a meeting with his Armenian counterpart Vahan Kerobyan, and stressed the need for developing communication and financial infrastructures of the two countries.

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