IRAN, ARMENIA TO CUT TRADE TARIFFS

Mehr News Agency
Sept 4 2007
Iran

TEHRAN, Sept. 4 (MNA) – The head of Iran-Armenia Joint Chamber of
Commerce announced here on Tuesday that the sides’ trade tariffs will
decrease to help grow bilateral economic cooperation.

Levon Aharonian told MNA that the tariffs of some products will slump
to zero.

Despite the sides’ high economic potentials, the trade volume, valued
at about $200 million, is not desirable and has to reach one billion
dollars per annum.

He referred to construction of Aras 170MW hydroelectric power plant,
establishment of railway linking the two states, and transmission of
power to Armenia and Georgia, predicting a rising trade volume for
the countries.

The sides made the decisions in the seventh session of the Iran-Armenia
Joint Economic Cooperation Commission in Yerevan.

The commission was chaired by Iranian Foreign Minister Manuchehr
Mottaki and Armenian Energy Minister Armen Movsisyan.

The commission discussed cooperation in the areas of trade, energy,
health, transportation, science, and culture.