Armenia calls for implementation of mega projects with Iran

News ID: 3805522 -
YEREVAN, Oct. 25 (MNA) – Minister of Finance of Armenia Vardan Aramyan in a meeting with Iranian Ambassador to Yerevan called for the implementation of mega projects and boosting of trade turnover with Iran.

The meeting took place on Monday in Yerevan, where the two sides highlighted the need for more economic cooperation.

“Iranian investments in Armenia amount to $3 million, while Armenian investments in Iran amount to $250,000. This means that we have much to do here and drastically increase the figures considering the centuries-old trade potentials between the two countries”, the Armenpress quoted Vardan Aramyan as saying.

The Armenian minister noted that trade turnover can be increased by the implementation of mega projects, which was impossible in the past due to the economic sanctions against Iran.

“The economic sanctions on our neighbor impact us as well and we have always raised alarm over this to our European partners,” he said, while expressing satisfaction with the expansion of Iran’s economic relations with other countries following the nuclear deal and the removal of sanctions.

He also voiced his country’s interest in sustainable economic development of Iran, saying it will directly impact the economic development of Armenia.

About cooperation on mega projects, he said “at the moment, the energy project is underway; however, there are good prospects for cooperation in other spheres as well, such as the construction of North-South highway, or the construction of slaughterhouses and industrial infrastructure which can be implemented based on public-private investments.” 

Seyed Kazem Sajadi, Iranian Ambassador to Yerevan, said Iran was particularly interested in expanding cooperation in the field of insurance, prospects for opening a new branch of ‘Mellat’ bank, as well as bilateral cooperation in international financial platforms.

Sajadi also held a meeting with Vahan Martirosyan, Minister of Transport, Communication and Information Technologies of Armenia, on Monday, where the two sides stressed the need for continuous and effective cooperation at higher levels. 

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