Aug 18, 2017, 8:51 PM
News Code: 82635643
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Armenia bridge to Eurasia, EU markets: Iranian official

Moscow, Aug 18, IRNA – Armenia as a part of North-South Transport Corridor is a bridge for Iranian businessmen to access Eurasia and Europe markets, an Iranian senior official said on Friday.

'Armenia is a country with a bright prospect and its economic and trade officials have an ambitious vision for its development by 2035,' Iranian President's Advisor Akbar Torkan said in a meeting with Iranian businessmen based in Armenia.

Torkan urged Iranian governmental and private sectors to seize the opportunity to invest in Armenia and do business with the country and use at the same time the country's geographical position to access the Eurasia's 180-million-people market and the markets in Europe as well to export Iranian products and services.

Torkan and the accompanying delegation from Aras free zone in their three-day visit to Armenia met with the Minister of Economic Development and Investments Suren Karayan, Minister of Energy Infrastructures and Natural Resources Ashot Manukyan, as well as Minister of International Economic Integration and Reforms Vice Prime Minister Vache Gabrielyan.

A memorandum of understanding was also inked between officials from the two countries' free economic zones.

The International North-South Transport Corridor (INSTC) is based on an agreement originally signed between Russia, Iran and India in 2000.

The 7,200-kilometer-long corridor which is a network consisted of ship, rail and road modes of transport, is considered a link between Europe and Central Asia, primarily via Iran, India, Russia.