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January 27
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The trade turnover between Armenia and Iran in the first 10 months of 2022 increased by 45.3%, reaching $565.6 million, Armenian Deputy Economy Minister Armen Arzumanyan told reporters after discussing the prospects of business cooperation with Iran at the Economy Ministry.

According to Arzumanyan, a stable growth has been recorded this year compared to 2021, which has also been achieved thanks to the work of trade attaches of the two countries.  "This indicator shows that business cooperation is developing in a positive way," he said.

The deputy minister expressed hope that growth will be recorded in December as well. According to Arzumanyan, the indicator has improved mainly due to the export of Armenian products and the fact that Armenia can increase its volumes. "Armenian products are of high quality and meet the taste of the Iranian consumer. In order to compete in a market of 80 million people, we need to find our place," the deputy minister said.

He noted that the leaders of the two countries have set a goal to increase trade turnover to $3 billion, for which a discussion with representatives of business circles was organized at the ministry.

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