Mehr News Agency, Iran
May 23 2009
Iran sees 10-fold rise in trade balance with Armenia
Tehran, 23 May: A Trade Promotion Organization of Iran (TPOI) official
here on Saturday [23 May] stated that Iran-Armenia trade balance has
increased ten-fold in favour of Iran during the ten-year period of
March 1999 to March 2009.
Abdolhamid Asadian, the TPOIs bureau director for trade with European
and American countries, said that Iran-Armenia trade balance was 11.8
million dollars in March 1999 in favour of Iran, but the figure surged
to 119.61 million dollars in March 2009, showing a nearly ten-fold
growth.
In 1999, Iran’s value of exports to Armenia stood at 37 million
dollars which increased to 141.18 million dollars in the Iranian
calendar year ending in March 2009, the official added, noting that
Iran’s imports from Armenia declined to 21.57 million dollars in March
2009 from 25.2 million dollars in 1999, according to the Mehr News
Agency.
Establishment of a joint chamber of commerce, building Iranian stores
in Yerevan, establishment of the Iranian Trade Association, and
launching Bank Mellat branches in Yerevan were the main measures the
sides have taken to boost relations.