There is quite a huge progress in the negotiations between
Thus, after the final Iranian nuclear deal a lot of issues concerning
Thus on June 11, the RA Minister of Foreign Affairs Edward Nalbandian received Deputy Ministers of Foreign Affairs Ibrahim Rahimpour. The interlocutors, as the press service of the RA MFA informs, discussed the activation of political dialogue between two countries, and enhancing cooperation in energy, trade-economic, humanitarian fields, as well as in the framework of international organizations. The realization of joint economic projects has also been touched upon in detail.
On the same day the RA National Assembly Speaker Galust Sahakyan received the President and the members of Iran-Armenia friendship group. Sahakyan has mentioned the importance of the implementation of the projects within the set timeframe.
It should be mentioned, that in spite of the sanctions on Iran, its economic relations with Armenia has always been on a high level. Moreover, during the recent years progress has been recorded. According to the National Statistical Service, 5% of Armenia's foreign trade in 2015 was with the Islamic Republic of Iran. In particular,the trade turnover between the two countries comprises a total of $291 million.
Lifting of sanctions will certainly have a positive impact on the Iranian-Armenian relations. Signing an agreement on the creation of a free trade area between Iran and the Eurasian Economic Union, around which the parties have already expressed their intention to start negotiations, can have a positive impact on Armenia-Iran bilateral economic relations.
Creation of a free trade area between the EEU and Iran could give a new impetus to the development of economic relations between Armenia and Iran, since the free trade agreement provides liberalization of customs policy, which will make the Armenian and Iranian markets more attractive for the businessmen of the two countries.