Iran, Armenia sign agricultural MoU

IRNA , Iran
Aug 29 2018


Iran, Armenia sign agricultural MoU


Tehran

 Iran’s cultural attache in Armenia said that the country’s Fund for
Developing Business and an Iranian company signed a memorandum of
understanding (MoU) to jointly produce agricultural machinery.
According to Iran Trade Development Organization’s website, Mohsen
Rahimi added that the deal was signed in a ceremony in Armenia
attended by the deputies of the country’s agriculture and economy
ministers. Based on the agreement, Iranian company will export all
types of agricultural machinery parts to Armenia and will assembly
them in the country. Armenian Fund for Developing Business will
cooperate with the Iranian company in the field of easing
administrative procedures, participation in exhibitions and commercial
events, technical assistance and information dissemination. At the
first stage, Iran will export CKD parts worth one million dollars to
Armenia to put them together there, Rahimi said. Iranian company also
plans to export parts to the other Eurasian member states in addition
to Armenia. Armenia, a country of three million people, gained
independence in 1991 following collapse of the Soviet Union.