Armenia and Iran Aim to Boost Trade Turnover to $3 Billion
Armenia and Iran are working to increase their trade turnover to $1 billion in the near future, with a long-term goal of reaching $3 billion, according to Minister of Economy Gevorg Papoyan. The ambitious goal was set by the leaders of the two countries in 2023 and now both are working towards achieving it by expanding the range of products traded and enhancing logistics infrastructure.
Speaking at the EEU forum, Papoyan emphasized the importance of attracting new investments through the creation of economic border zones in Armenia. He also highlighted the role of major infrastructure projects in deepening economic ties with Iran.
With a vision to strengthen economic cooperation, Armenia is committed to improving infrastructures and fostering a conducive environment for trade growth. The collaboration between Armenia and Iran holds great promise for both nations, as they strive towards a mutually beneficial partnership.
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