Tehran, Yerevan seeking annual trade of $3b
Deputy Prime Minister of Armenia Mher Grigoryan said Iran and Armenia can increase the volume of trade to $3 billion.
Grigoryan made the remarks in the 18th meeting of the Iran-Armenia Joint Economic Commission, calling Iran “a very important partner”, IRNA reported.
The president of the Islamic Republic and the Prime Minister of Armenia agreed in 2022 that the volume of trade between the two countries would increase to 1 billion in the first and 3 billion in the next step.
The two countries’ joint economic commission is a good ground to help realize the objective, he added.
The 18th meeting of the Iran-Armenia Joint Economic Commission was held on February 14-15 in Tehran to further foster economic ties between the two countries.
During the meeting, Head of Iran’s Food and Drug Administration (IFDA) Heidar Mohammadi voiced the country’s readiness to export domestically produced drugs to Armenia.
Iran enjoys self-sufficiency in the production of drugs and pharmaceutical equipment, he underlined.
Also, Deputy Minister of Healthcare of Armenia Lena Nanushyan said that Iran has made significant progress in the production of medicines and medical equipment.
Armenia welcomes cooperation with Iran in the field of health tourism, pharmaceutical insurance, and healthcare, the official added.
In a related development, Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari held talks with Deputy Minister of Foreign Affairs of the Republic of Armenia Vahan Kostanyan.
During the meeting, Kostanyan welcomed the presence of Iranian companies in the road construction projects of Armenia.
Meanwhile, the two countries on Thursday signed documents to expand mutual cooperation in 19 fields, on the sidelines of the 18th meeting of their Joint Economic Commission that concluded on Thursday.