Code: 1020982 A

A high-level delegation from the public and private sectors, headed by the Armenian Minister of Economy, will travel to Tehran early next month to advance trade and economic goals, announced an Iranian official at TPO.

Mojtaba Mousavian, an official at the Trade Promotion Organization of Iran (TPO), made the announcement, saying that negotiations on the further development of goods in the Eurasian Economic Memorandum, banking and transit agreements, and coordination for holding a special exhibition of Iran in Yerevan are among the goals of this trip.

He added that the Armenian trade delegation will also visit several production and industrial centers and review the joint production and export of products to other countries.

Meanwhile, Iran’s Ambassador to Armenia Mr. Abbas Badakhshan pointed to the significance of Armenia and its market, adding that the political condition is ripe for entering the market.

He said Armenia as a member of the Eurasian Economic Union and having preferential tariffs with some European countries is a distinguished country among Iran’s neighboring states.

Yerevan government suspended the import of Turkish–made goods to Armenia for six months in response to Turkish military support for the Republic of Azerbaijan.

This ban was adopted on October 20, 2020, and came into force on January 1, 2021.

An official from the Iranian Trade Promotion Organization announced that Armenia has announced that it is to replace 2,250 Turkish products with Iranian goods.

“Due to Turkish sanctions, Armenia intends to replace Iranian goods with 2,250 items imported from Turkey,” the Iranian official said.

Meanwhile, Ali Shariati, board member of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), said Armenia’s market is a new opportunity for Iranian producers.

Iran now has the advantage of exporting goods such as sweets and chocolates, ceramic tiles, detergents, shoes, flooring, and carpets, and textile and clothing to Armenia, in addition to the previously traded items, he told ILNA on Tuesday.

“We may not have been able to make good use of regional agreements in the past, but this is an opportunity for us to enter the Armenian market with full force,” Shariati said.

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Armenian economic Armenian market
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