Iranian Ambassador to Armenia: Commodity Turnover of Iran

IRANIAN AMBASSADOR TO ARMENIA: COMMODITY TURNOVER OF IRAN
AND ARMENIA INCREASES 30% ANNUALLY

YEREVAN, JUNE 6. ARMINFO. Every year the commodity turnover of Iran
and Armenia increases 30%. Last year it was 180 mln USD, Iranian
Ambassador to Armenia Alireza Khakikyan informs IRNA.

He said that the trade and economic relations of Iran and Armenia are
at a high level and have good prospects. The most important economic
project is construction of an export gas pipeline from Iran to
Armenia. The length of the gas pipeline is 140 km, including 10 km
via Iranian and 40 km via Armenian territory. The construction of the
pipeline is to be completed by 2007. At present the first stage of
construction works is in process. Khakikyan said that Armenia refused
from construction of the project of Kajaran tunnel. Instead, active
works have been carried out on construction of a highway in another
region for already two months. The new road is supposed to facilitate
transit transportation between Iran and Armenia. At the same time,
the Ambassador stated that the major problem in the relations of
Armenia and Iran are still unsettled frontier problems. To solve
them, an Iranian-Armenian Commission for Frontier issues has been
established, which could play an important role in solution to this
major problem in case o more active work.