TEHRAN (Tasnim) –Iran’s trade exchanges with neighboring Armenia currently reached $700 million, Iran’s newly-appointed ambassador to Armenia said, adding that the volume of bilateral trade is targeted to reach $3 billion.

Speaking in a meeting with the governor general of Zanjan province on Thursday, Mehdi Sobhani stated that the expansion of relations with neighboring states is among the main foreign policy agendas of the administration of President Ebrahim Raisi.

Provinces can play a leading role in boosting the country’s economy, he emphasized.

Sobhani put the value of Iran’s exchanges of trade with Armenia at more than $700 million and reiterated that it is targeted to increase to $3 billion in the future.

Armenia is the gateway for Iran to enter a lucrative market of a 200-million population due to its membership in the Eurasian Economic Union (EAEU), Iran’s new envoy stated, calling on Iranian producers to take advantage of opportunities created for them to get the lion’s share at this profitable market.  

Stressing the need to organize an exhibition of showcasing products of this province, Sobhani said that flourishing foreign trade will help boom production and generate employment in the country.