Ambassador of the Republic of Armenia to the Islamic Republic of Iran Artashes Tumanyan made the remarks during a meeting held in the Iranian capital with Head of Tehran Chamber of Commerce, Industries and Agriculture Masoud Khansari.

The Armenian official said Yerevan is a pioneer in area of jewelry turning adding “Armenian traders are also eager to participate in Iran’s IT industries.”

He also noted that Aremenia’s Central Bank holds proposals for monetary and banking ties between the two countries.

Tumanyan recalled the inked MoU for holding Armenia’s specialized exhibitions in Tehran saying “the first edition of the exposition will be held in Tehran International Permanent Fairground within months providing Armenian industrial and financial firms with the opportunity to introduce their capabilities.”

Ambassador of Armenia to Tehran enumerated further venues for bolstering bilateral ties including internet provision, livestock and poultry industry.

Head of Tehran Chamber of Commerce, Industries and Agriculture Masoud Khansari, for his part, referred to great economic and industrial potentials held by the two parties noting “identifying venues for cooperation can play and important role in expanding bilateral relation between Tehran and Yerevan.”

The Iranian official, while recalling Armenia’s presence in the Eurasian Union, added “mutual collaboration between the two states must lead to joint participation in third-party markets.”

“Development of economic relations between the two countries requires targeted policies like strengthening the joint chambers of commerce and conducting joint exhibitions as well as the deployment and adoption of trade delegations between the two sides,” Khansari recommended.