Establishment of a free trade zone between Iran and Armenia in the near future

Establishment of a free trade zone between Iran and Armenia in the near future

Establishment of a free trade zone between Iran and Armenia in the near future The Prime Minister of Armenia said: “Armenia can be a good base for the development of Eurasian Economic Union-Iran relations and the country will establish a free trade zone with Iran in the near future.”

“Armenia, as a member of the Eurasian Economic Union, can be a good base for its friends, especially Iran,” Armenian Prime Minister Karen Karapetyan was quoted as saying at the opening ceremony of the Armenia-Russia Intergovernmental Commission. . »

“In the near future, we will complete the establishment of a free trade zone with Iran and agree on a special border regime,” he said. “We have GSP (a preferential tariff system that includes a formal WTO exemption system) with European countries and GSP concessions with the United States.”

The Armenian-Russian intergovernmental relations are at a high level but there is still room for development, the Armenian official said.

“We have a high volume of trade in basic goods with Eurasian Economic Union member states such as Russia,” he said. We grew in imports and exports. “We saw a 37% increase in tourism after we decided to allow Russian tourists to travel to Armenia with domestic passports.”