Armenia and Iran to enhance economic cooperation

Armenia and Iran to enhance economic cooperation

YEREVAN, June 15. /ARKA/. Armenia’s deputy minister of economic development and investment Emil Tarasyan and vice president of the Institute of Standards and Industrial Research of Iran (ISIRI) M. Maghadam signed June 14 in Tehran a memorandum of understanding, Armenian ministry of economic development and investment said today.

According to the ministry, the memorandum calls for development and expansion of cooperation between the parties on the exchange of legal information concerning food industry and non-alcoholic beverages, the organization of training courses on halal products, certification of products for compliance with  Iranian halal standards in Armenia, audit,  exchange of information on markets of the parties, implementation of joint projects, and so on.

During the meeting held at ISIRI, Tarasyan said the signing of the Memorandum would lead to an expansion of cooperation, enabling both tourists and businessmen to take advantage of the halal standards in the country. He also noted that Armenia is ready to expand cooperation with Iran in all sectors of the economy, and the halal standard will lead to an increase in trade turnover between the countries.

Earlier, economic development and investments minister of Armenia Suren Karayan said that the halal certificate will allow Armenian producers to export their products not only to Iran, but also to all 57 member countries of the Organization of Islamic Cooperation.

According to the National Statistical Service of Armenia, the trade turnover between Armenia and Iran in 2016 declined by 14.7% from the previous year to $238.8 million. Armenia's exports to Iran declined by 8.4% to $74.8 million, while imports fell by 17.3% to $198.3 million. -0-

19:12 15.06.2017





 

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