YEREVAN (ARKA)—Iran is interested in Armenia as a transit country for supplying Iranian goods to other countries, Hmayak Avetisyan, head of the trade and economic division of Iran’s embassy in Armenia, said in an interview with Delovoy Express.
Avetisyan told the newspaper that Armenia’s market alone is too small for Iran.
“However, Armenia is quite interesting to Iran’s business as a transit country for reaching third countries,” he said. “And therefore, establishment of Armenian-Iranian joint enterprises producing goods that may be imported into Eurasian Economic Union countries is thought to be the most feasible idea,” Avetisyan said.
In his words, many Iranian companies today are interested in making investments in Armenia, bringing the two countries’ economies closer.
“Iranian businessmen’s delegations show their interest in Armenia, and the way they learn the procedure of registration of foreign companies in Armenia shows [the] seriousness of their intentions,” Avetisyan said.
Trade turnover between Armenia and Iran amounts to $300 million, of which exports from Armenia make up only one fifth.
Armenia’s exports to Iran are mainly meat products like live sheep, and electricity.