'Iran sees no limits on development of ties with Armenia,' the Iranian envoy said in a meeting with Armenian lawmakers on Thursday.

He lauded increase of economic cooperation between Tehran and Yerevan in the past two years following a visa waiver agreement between the two states.

The official expressed hope for witnessing a rise in trade exchanges between the two states.

In the meeting, the head of the Armenia-Iran parliamentary friendship group Vahram Baghdasaryan called for imlementation of bilateral agreement between Tehran and Yerevan.

He lauded Iran's balanced approach to the Nagorno-Karabakh conflict.

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