Armenia, Iran Need to Promote Investments, Intensify Business Contacts

YEREVAN, May 7. /ARKA/. At their meeting Armenian Premier Tigran
Sarsgian and Iranian Ambassador to Armenia Seyed Ali Saghaeyan stated
that the two countries attach importance of promoting investment,
intensifying business and creating favorable environment for
businessmen, expanding direct contact between the regions.

The Public Relations Department, RA Government staff, reports that
sides discussed the bilateral economic relations. They pointed out that
the current level of bilateral annual trade turnover (about $200mln) is
not in harmony with the level of bilateral political relations.

Ambassador Saghaeyan stressed the importance of cooperation in dealing
with the consequences of a global price rises for developing countries
or transitional economies. In particular, Armenia and Iran can expand
cooperation in agriculture, the Ambassador said.

Premier Sargsian agreed with the necessity of developing agricultural
cooperation and expressed the RA Government’s willingness to start
negotiations between the relevant agencies in the near future.

Bringing Armenia-Iran economic cooperation to a new level will
strengthen the countries’ security and promote economic progress,
Armenian Premier said. `0′