Iran News
October 7, 2017 Saturday


Yerevan finishing establishment of FEZ on Iranian border



TEHRAN- Armenian Prime Minister Karen Karapetyan announced that
Armenia is completing the establishment of a free economic zone on the
border with Iran, ARKA news agency quoted him addressing the opening
of the second Eurasian Partnership international forum in Yerevan.

"In the near future, we are completing the establishment of a free
economic zone on the border with Iran and will sign an agreement with
the Iranian side on the special work regime at the border," he said.

"Today Armenia can serve as a good platform for the countries of the
Eurasian Economic Union and Iran to boost their trade and economic
relations," he added.

Earlier in mid-August, in a meeting between Iranian President's
Advisor Akbar Torkan and Armenian Minister of Economic Development and
Investments Suren Karayan, the two sides mulled over expansion of
cooperation on both sides' free trade zones (FTZs).

In the meeting, Torkan named Armenia Iran's bridge for transporting
and exporting goods to Europe, underlining the capability of Iranian
contractors in developing free trade zones in Armenia, in case the
required infrastructure is provided by the country's government.

The Armenian minister, for his part, said that his government has
always paid a specific attention to its economic and trade relations
with Iran, adding that by manufacturing a wide range of products in
their own free trade zones and exporting them to Europe, Iran and
Armenia can renovate the region's economic relations.