IRAN, ARMENIA TO BOOST MUTUAL ECONOMIC COOPERATION
Fars News Agency
April 18 2012
Iran
TEHRAN (FNA)- Iranian and Armenian companies agreed to set up a joint
company to produce irrigations pumps in the Caucasian state.
The agreement was signed by Managing-Director of Khorassan Agriculture
Industry Company Hadi Abdollahian and Cyran Matosian, the director
of Armenian’s Armelectromach Company.
The Armenian office of trade and industry announced that based on
the agreement, the irrigation pumps will be manufactured by the
Armenian company.
In recent years, Iran and its Northern neighbor Armenia have signed
agreements on energy cooperation and agreed to cooperate in technology
and research and to enhance ties in commerce and economy.
Iranian President Mahmoud Ahmadinejad and his Armenian counterpart
Serzh Sargsian pledged in December 2011 to further expand “high-level
relations” between their nations and, in particular, give new impetus
to the implementation of joint energy projects that have fallen
behind schedule.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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