Joint Iran Armenia Commission Session Underway

YEREVAN (Yerkir)–The fourth session of the Iran-Armenia joint economic and trade commission began work on December 10 in Tehran–according to Alik–an Armenian daily paper published in Iran.

During the session–Iran’s Minister of Economy Tahmaseb Mazaheri said–"We are beginning the session of the joint commission when relations between our two friendly countries are good as ever."

He emphasized that the opening–in Armenia–of a branch of Iran’s Mellat Bank was the first bank branch outside Iran’since the Islamic revolution. The minister stressed that Armenia is an important trade partner in that trade volume between the two countries is now at $100 million.

Speaking about the commission’s agenda–Mazaheri said it would include introduction of new trade projects–proposal to build a joint reservoir and power station on the Arax river–and consider elimination of trade and tariff obstacles.

Armenian co-chair of the commission Ardashes Tumanian in turn said relations with Iran have been crucial for Armenia: "We remember Iranian aid in the early 90’s with appreciation–" he said.


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