MP Vahe Hakobyan from the opposition Hayastan faction, who heads the Armenian National Assembly Standing Committee on Economic Affairs, as well as its members Mkhitar Zakaryan and Hripsime Stambulyan, on Monday met with members of an Iranian parliamentary delegation led by Seyed Mahdi Farshadan, head of the Iran-Armenia Parliamentary Friendship Group.

Head of the Armenia-Iran Friendship Group Gevorg Papoyan also took part in the meeting, the parliament’s press service reported.

Vahe Hakobyan highlighted the friendly relations with Iran.

Seyed Mahdi Farshadan noted that they had effective meetings and discussions in parliament. He highlighted the development of the economic ties between the two countries.

Referring to the trade turnover, the Iranian lawmaker said that at this point it amounts to $350 million. He expressed hope that as a result of joint work, it would be possible to increase the volume of the trade turnover up to $1 bln.

In 2022 it is planned to renovate the Meghri customs point and bring it in line with international standards, the MP noted.

Both sides highlighted the development of Meghri Free Economic Zone.