Tehran, Yerevan seeking to activate economic potentials/ Linking Persian Gulf to Black Sea can boost Iran-Armenia ties/ Gas-for-power barter agreement can expand to goods, services

Stating that the Islamic Republic of Iran attaches great weight to its relations with Armenia as its old friend and neighbour, President said, “We are ready to develop Tehran-Yerevan relations in different fields, especially economy and trade”.

Tue 01 - October 2019 - 12:17

Speaking on Tuesday in a meeting with the Prime Minister of Armenia in Yerevan, President Hassan Rouhani said, “Tehran and Yerevan can have good cooperation in different fields, especially energy, hydroelectric power plants, wind farms, solar power stations, transportation, communications, modern technologies, pharmaceuticals and technical and engineering services”.

The two countries have ample potentials for cooperation at bilateral and regional levels, he said, adding, “Cooperation in the North-South Corridor and linking the Black Sea to the Persian Gulf will be beneficial for both countries and can boost Tehran-Yerevan relations”.

Stating that Iran will take the first step in being active in the Eurasian Economic Union (EAEU) in the coming month, Dr Rouhani added, “Committees should be set up to initiate Iran's cooperation with Eurasia and examine the existing capacities in various fields, including energy, electricity and transportation, and follow up on their implementation”.

The President also emphasised acceleration in the implementation of bilateral agreements and the importance of paying attention to environmental issues, saying, “The free border zones can play a very important role in the development of relations between the two countries”.

At the same meeting, Prime Minister of Armenia Nikol Pashinyan welcomed Dr Rouhani to his country and said, “We are determined to increase our relations and cooperation with the Islamic Republic of Iran”.

“Trade cooperation in border areas with Iran is very important for Armenia and we are looking for deepening this cooperation,” he said.

The Armenian Prime Minister also said, “Iran is a sustainable source of energy and natural gas for Armenia and Yerevan wants to extend the gas-to-electricity barter agreement with Iran until 2040”.


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