Tehran hosting Iran-Armenia Joint Economic Committee meeting

Iran – Feb 14 2024

TEHRAN- The 18th meeting of Iran-Armenia Joint Economic Committee began in Tehran on Wednesday.

Addressing the opening ceremony of the mentioned meeting, Masoud Mirzaei, the representative of the Islamic Republic of Iran, while welcoming the Armenian delegation, described the political relations between Tehran and Yerevan as good and added: “We believe that the level of economic relations between the two countries should be improved commensurate with the political relations.”

He said the Islamic Republic of Iran is looking for an operational roadmap to expand economic relations in all areas with the Republic of Armenia, and all capacities will be used to expand these relations.

In late October, 2023, Iranian Transport and Urban Development Minister Mehrdad Bazrpash traveled to Armenia to meet the country’s senior officials and discuss ways of expanding trade and transit ties between the two countries.

Speaking to the press prior to the visit, Bazrpash emphasized Iran's readiness to export technical-engineering services to Armenia, announcing the plan of the two countries to strengthen the level of trade and transit, and remove cumbersome regulations in the way of trade development.

Iran and Armenia have signed a memorandum of understanding (MOU) to cooperate in the fields of labor exchange, technical and professional training, as well as, welfare and empowerment of the disabled.

The MOU, signed by Iranian Labor and Social Welfare Minister Solat Mortazavi and his Armenian counterpart Narek Mkrtchyan in Tehran in late October 2023, also covers economic cooperation between the two countries in the fields of petrochemicals, road and construction materials, and medicine.