7th SITTING OF ARMENIAN-IRANIAN INTERGOVERNMENTAL COMMISSION OPENS
IN YEREVAN

YEREVAN, JULY 20, NOYAN TAPAN. The 7th sitting of Armenian-Iranian
Intergovernmental Commission opened on July 20 in Yerevan. Manouchehr
Mottaki, the Foreign Minister of Iran, the Commission’s Iranian
Co-chairman, has arrived in Armenia for the purpose of taking part in
the sitting. The Commission’s Armenian Co-chairman is the RA Minister
of Energy, Armen Movsisian.

M. Mottaki said that in the recent years the Armenian-Iranian relations
have advanced and registered considerable achievements, including
the construction of the Iran-Armenia gas pipeline, construction of
a wind power plant in the territory of Armenia by Iran, increase of
border exchanges and traffic up to more than 60 thousand lorries,
motor cars, to name but a few.

There are a number of important programs at present, including
construction of a HPP on river Araks, establishment of a direct
railway communication between the two countries, construction of oil
cultivating factory in the territory of Armenia with the participation
of Iran, Armenia, and Russia, creation of an Iranian trade center in
Armenia with the participation of the private sector.

In A. Mottaki’s words, one of the most important spheres of economic
cooperation is the banking sphere, and the foundation of an Armenian
bank in Iran can rise the level of financial-banking communication
between the two countries. It was mentioned that the Iranian Mellat
bank operates in Yerevan.

It was also mentioned that last year commodity circulation between
the two countries made 200m USD.