Iran plans to increase trade with Armenia to $3B

The trade turnover between Armenia and Iran can be increased to $3 billion in the future, Iranian Foreign Minister Hossein Amir Abdollahian said at a meeting with Armenian Parliament Speaker Alen Simonyan.

The parties noted that the Iranian consulate in Gafan will contribute to the development of trade, economic, transport, energy ties and discussed the possibility of increasing the trade turnover between the countries to $1 billion (now it is about $700 million)

The Iranian Foreign Ministry said that this can be achieved at the first stage, and that the figure can be brought to up to 3 billion dollars at the second stage.