Armenia-Iran trade grew 45% in January-October – officialDecember 7, 2022 - 15:16 AMT PanARMENIAN.Net - Trade between Armenian and Iranian increased by 43.5% in the first 10 months of 2022, rising from $390 million to around $560 million in the reporting period, Armenian Deputy Economy Minister Armen Arzumanyan told reporters on Tuesday, December 6, Arka reports. Arzumanyan noted that the countries have good business cooperation and for its further development it is necessary to identify all issues that will help step up economic activity. "The Iranian market is quite extensive, but has a problem of self-sufficiency. We are confident that we need to find out what we can do to export Armenian food, agricultural and other products to this market, which is by and large familiar with Armenian produce," he said. According to Armenia’s National Statistical Committee, trade turnover between Armenia and Iran in January-October 2022 amounted to about $565.5 million, an increase of 45.3%. Armenian exports to IRI totaled about $92 million, an increase of 82.4% year-on-year, while imports from Iran grew by 39.1% to $474.3 million. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |