2024-04-30 16:37:43
In order to revitalize the bilateral trade between Armenia and Iran, 60 Iranian and 50 Armenian companies from the 7 free trade zones of Iran are presenting their products in the fields of industry, agriculture and tourism within the framework of a three-day exhibition, which was opened in Yerevan.
In the exhibition, the companies of tourism, light industry, food industry, machine building and textile sectors are presented with separate booths.
RA Minister of Economy Vahan Kerobyan mentioned that through the exhibition it will be possible to discover the opportunities of Iran for Armenian investors and the opportunities of Armenia for Iranians.
“Although the trade turnover between Armenia and Iran has doubled in the last two years, the rate of growth is slowing down, and new opportunities must be found to bring the bilateral turnover to the targets set by the leaders of the two countries, that is, 3 billion dollars. Now we are at a pace of about 800 million dollars, which is much less than the leaders of the countries have planned. We see that cooperation through free trade zones will give a new momentum to bilateral trade circulation,” the minister noted.
“Iran and Armenia have not had a problem at any level and in any field. As for the economy, our annual trade turnover is 700 million dollars, but the two countries have set a goal to increase it to 3 billion dollars,” the ambassador noted.
According to his belief, the existence of free zones plays a big role in terms of developing trade and economic relations, and the exhibition will contribute to the diversification of bilateral relations.
Advisor to the President of Iran, Secretary of the Supreme Council of Free Trade Zones of Iran Hojatollah Abdolmaleki noted that this is the first event organized in Armenia, where 7 free zones are represented.
He emphasized a number of advantages of Iran’s free zones, which are: the presence of developed infrastructure, the possibility of connecting with various markets, customs privileges, etc. According to him, investors in free zones come from China, Russia, Australia, Belgium, Iraq, Armenia, UAE. He believes that investing in Iran’s free zones is profitable.