Armenia Can Turn Into the Showcase for Iranian Goods

IRAN NEWS ECONOMIC DESK

TEHRAN – Chairman of Iran-Armenia Chamber of Commerce Hervik Yarijanian believes Iran should take advantage of the current condition in the Armenia-Turkey relation for boosting its trade with Armenia.

Speaking in the webinar on Developing Iran-Armenia Trade Relations which was held by Tehran Chamber of Commerce, Industry, Mine and Agriculture (TCCIMA), Yarijanian said that Iran has not been able to make the most out of the collapse of the Soviet Union and independence of some countries in the north to boost its foreign trade, adding that in the current condition that Turkish products have been banned by the Armenian government after recent Karabakh war, Iran should take advantage of this opportunity to boost its trade with Armenia.

He said although Armenia is a limited and small market, it can be a gateway to other countries in the Eurasian Union, adding that Armenia can be a showcase for Iranian goods in the Eurasian region.

Yarijanian recommended Iranian traders that if they want to enter the Armenian market,they should fully evaluate the market and its competitive condition, and then enter it fully prepared.

Meanwhile addressing the webinar, Iran’s envoy in Yerevan announced the visit of the Armenian Minister of Economy to Tehran at the beginning of next year (2021) stating that in this visit, a high-level economic delegation of Armenian companies and economic activists are scheduled to travel to Tehran.

Abbas Zohuri also pointed to reopening and resumption of works at Meghri Free Economic Zone in the near future and noted that development of free trade zones between both states can activate economic capacities of both sides.

He said the trade volume of both countries is around $400m and due to the Armenian government’s policy of banning Turkish products, this trade level can enhance.

Zohuri also said that the passenger and cargo flights between both countries are to resume since December 27.

At the beginning of the webinar, head of international affairs department of TCCIMA Mr. Hesamuddin Hallaj said that multilateral regional agreements are good opportunity for developing economic relations for countries and creating economic stability and security among the member states, adding that Eurasian Union agreement and Iran’s joining it is a good opportunity for bolstering the level of trade relations of Iran with Eurasian Union countries.

He said issues related to transportation and finding practical solutions are possible through talks between officials of both states.

Meanwhile the CEO of Aras Free Zone Organization Mr. Mohsen Nariman pointed to the talks with Armenian counterparts for launching a joint border market between both states and noted that launching this joint border market is a big step in exchanging economic cooperation between Iran and Eurasian Union states. He also pointed to the strengthening of compound logistic between both states and stipulated that facilities of the zone for arrival of Iranian producers and economic activists are ready.

In this virtual meeting, over 100 Iranian business activists and owners of businesses were present and reviewed ways of cooperation of Iranians with Armenia and entering the Eurasian Union markets.