The gateway between Iran and Armenia, that was closed a day earlier, has reopened, according to Ruhollah Latifi, the spokesman of Iran Customs Administration (IRICA).
President Hassan Rouhani inaugurated 20 industrial projects in Aras Free Trade and Industrial Zone located in West Azarbaijan Province via videoconference on Monday.
Senior economic officials from Iran and Armenia, in a meeting in Tehran, explored avenues for expansion of economic relations.
Armenian Deputy Minister of Economic Development and Investments Varos Simonyan visited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and held talks with Gholam Hossein Shafei, president of the ICCIMA.
Armenia Airways will launch Yerevan-Tabriz flights as of July 1.
Chairman of Iran-Armenia Joint Chamber of Commerce Hervik Yarijanian said that once free trade zones are established at joint borders, the volume of mutual trade will reach over $1b.
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.