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Armenia and Iran have signed memorandum to promote cooperation on free trade zones.

The document was signed by Armenian Economic Development Minister Suren Karayan and Iranian President's Advisor and Secretary of Free Zones Coordination Council Akbar Torkan, the Armenian ministry said in a statement.

The aim of a memorandum is to establish main directions of cooperation between free trade areas in Armenia and Iran, in particular to ensure development of free trade areas of Meghri and Aras.

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