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Armenia Eyeing Setting Up Joint Car Assembly Line with Iran

TEHRAN (FNA)- An Armenian provincial official said his country is ready for mutual cooperation with Iran's Northwestern province of East Azarbaijan in the auto-making industry.

Governor-General of Armenia's Syunik province Suren Khachatrian made the remarks in a meeting with Governor-General of East Azarbaijan Alireza Beigi in Tabriz on Tuesday.

"Syunik province can pave the way for the presence of East Azarbaijan's auto industry in global markets by setting up assembly lines of Iranian cars," Khachatrian said.

He noted that the two countries have considerable capacities for boosting and reinvigorating their joint investments.

Armenia is a member of the World Trade Organization and its Gross Domestic Product hits $9.4bln.

Armenia's per capita income is $5,700 and the volume of foreign investment in the country is $570mln.

Last month, Iranian Ambassador to Yerevan Mohammad Rayeesi stressed the age-old and close ties and cooperation between Tehran and Yerevan, and said the relations with Armenia are of great importance to Iran.

The Islamic Republic of Iran welcomes expansion of ties with Armenia, Rayeesi said in December, adding that Iran is willing to develop cooperation with Armenia in all areas on mutual interests.

He made the remark during his tour of Yerevan College for International Relations Studies.

In recent years, Iran and its Northern neighbor Armenia have boosted cooperation, 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 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.

In early October, Iranian Foreign Minister Ali Akbar Salehi and his Armenian counterpart Edward Nalbandian met at the UN Headquarters in New York to discuss bilateral ties and regional and international issues.
http://english.farsnews.com/newstext.php?nn=9107135945