Aysor, Armenia
Feb 6 2010

Armenia-Iran Trade and Investment recourses to be discussed

The ARMEX 2010 International Seminar on trade and investment resources
will be held in Iran on February 9-10.

Chief of the Department of Export Promotion of the Armenian
Development Agency, Lusine Tumian, told Aysor’s correspondent that
Armenian delegation to Iran will be headed by Vashram Nersisyants, an
Advisor for Economic Affairs to President.

The seminar will focus mainly on items of trade, transport, industry,
agriculture, banking, and investment recourses.

Iran is the 8th largest trade partner of Armenia. It is expected that
Iranian investments in Armenia may reach $980 million. It’s worth
mentioning that a Memorandum of Understanding was signed between
Armenia and Iran in the framework of the Armenia-Iran
intergovernmental session, which was held in Yerevan on February 3.
The Memorandum contains three strategic programs: Armenia-Iran
railway, power plant on the Araks River, and terminal and pipeline.