There is a potential to expand trade relations between Armenia and Iran, Armenian Ambassador in Tehran Grigor Arakelyan told IRNA agency.

He stressed that as a neighboring state, Iran can take higher position in relations of Armenia with other countries.

According to Arakelyan, Iran is the forth largest trade partner of Armenia with trade turnover increase by 40% as compared to the last year.

“Had Iran joined to World Trade Organization, the two countries would cooperate in many different fields of interests,” the agency quotes the Ambassador.