President of Iran Chamber of Commerce has called for establishment of a joint transportation company between Iran and Armenia in order to boost trade between the two neighboring countries.
Iran’s foreign minister has called for the reopening of transit routes closed by the Karabakh conflict, especially the one linking Iran’s Jolfa to Armenia through the Autonomous Republic of Nakhchivan.
Top officials from Iran and Armenia signed an agreement in Tehran to enhance trade cooperation between the two neighbors.
Trade Promotion Organization of Iran (TPOI) said Armenia has announced that it will replace 2,250 Turkish products with Iranian goods in reaction to the recent tensions between the two countries.
Armenia’s State Revenue Committee (SRC) has announced that restrictions at the country’s main border crossing with Iran has been lifted nearly four months after they were introduced to contain the coronavirus pandemic.
The commercial exchange between Iran and Armenia between January and April 2020 stood at $101.06 million to register a 0.37% decline compared to the corresponding period in 2019.
Iran has resumed exports, in a limited quantity, to Armenia via Nordooz border crossing since last week.
The US has been pressuring Iran’s neighbours to change their course as part of its so-called maximum pressure campaign on Tehran. But, Armenia says the US has come to understanding that it can’t do so.
Iranian Energy Minister Reza Ardakanian said on Tuesday that Iran’s accession to Eurasian Economic Union will help boost Iran’s non-oil exports.
The Iranian lawmakers have voted in favour of the bill that allows Tehran’s entrance into a Free Trade Zone (FTZ) with the five-member council, Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia.