Armenian Iranian commission to discuss creation of free economic zone in Syunik autumn, ambassador

Armenian Iranian commission to discuss creation of free economic zone in Syunik autumn, ambassador

YEREVAN, June 5. / ARKA /. Iranian ambassador to Armenia, Muhammad Reisi, told ARKA today that the issue on creating a free economic zone on the Armenia-Iran border to cater to joint enterprises will be discussed in autumn by the Armenian -Iranian intergovernmental commission when it meets in Tehran for a regular session.

Earlier this week Armenian economy minister Karen Chshmarityan said entrepreneurs from Armenia and Armenian communities overseas as well as foreign partners have expressed interest in this idea.

The minister said that in accordance with preliminary arrangements, the operator of the zone will be the Armenian Chamber of Commerce and Industry.

Earlier Sargis Aghabekyan, head of the chamber’s investment commission, said  that creation of the free economic zone in Syunik province is estimated to cost $15 million.

According to projections, creation of preliminary infrastructure will last no longer than three years, and after that a longer process will be launched for creating more powerful industrial facilities. -0-

16:47 05.06.2014

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