Tehran hosts conference on investments in Armenia

In this two-day event the Armenian chief economic advisor to the president and the Armenian minister of transportation are present, the Islamic Republic of Iran News Network reported.

In addition, Iranian acting deputy for economic affairs of the Foreign Ministry, as well as the director of the Trade Development Organization has taken part.

The Iranian official said that the current $200 million trade balance between the two countries should improve significantly.

Amir-Mansour Borqei stated that Tehran and Yerevan have common historical relations which can lead to all-out and stable cooperation in economic, social and political fields between the two countries.

He added that the two sides are committed to further boost the currently growing ties between the two countries in activities such as peaceful use of nuclear energy and human rights.

The Iranian official said that a mutual bank should be established between Iran and Armenia, adding the road and rail connections of the two must be developed.

Meanwhile, the Armenian chief economic advisor to the president said that the main objective of the conference is to enhance the activities of the private sector.

Vahram Nercissiantz pointed out that his country is keen on expanding relations with Iran, and stated that the two sides must make efforts to remove any obstacles hindering trade and investments.

He stated that his government is currently working on developing ties in the fields of road and rail transportation, transmission of electricity and a gas pipeline.

Nercissiantz noted that 4.6 percent of the imported goods in Armenia come from Iran. 

MRK/HB

END

MNA