Daily Times, Pakistan

Jan 3 2021

 

 

January 4, 2021

 

An official from the Iranian Trade Promotion Organisation has announced that Armenia has announced that it is to replace 2,250 Turkish products with Iranian goods.

 

“Due to Turkish sanctions, Armenia intends to replace Iranian goods with 2,250 items imported from Turkey,” the Iranian official said. He added that this will be a good opportunity for Iranian producers. As he added, in the next step, the country will supply its required raw materials from Iran, too.

 

The Yerevan government suspended the import of Turkish–made goods to Armenia for six months in response to Turkish military support for the Republic of Azerbaijan. This ban was adopted on October 20, 2020, and came into force on January 1, 2021. This prohibition shall not include goods and materials required for the manufacture of goods produced by Armenia itself.

 

Armenian Ministry of Economy has said that the ban will not increase the price of goods in the country because it believes that the consumption of Turkish goods is not dominant in this country and Yerevan is able to compensate for the shortage of Turkish goods from countries such as Iran, Belarus, Russia, and China.

 

Earlier this week, Iranian Foreign Minister Zarfi and Armenian Foreign Minister Ara Aivazian discussed issues of bilateral cooperation and regional agenda in a phone talk. As the Armenian foreign ministry said in a news release, Aivazian and Zarif also talked about regional security and stability, Armen Press reported. “In this context, the prospects of cooperation in the direction of addressing the new regional challenges were outlined.