Armenia, Iran ink 5-year lease agriculture agreement

Armenia, Iran ink 5-year lease agriculture agreement

PanARMENIAN.Net - Iran and Armenia will sign a new agricultureagreement during RA Syunik province governor’s visit to Iran’s East Azerbaijan Province, Director-General of East Azerbaijan province Department of Agriculture Jihad said.

“Under the new agreement, Syunik province will for five years let on lease pasture for five thous. heads of cattle from East Azerbaijan province,” Massoud Mohammadian said.

“Armenia will get agricultural equipment in exchange,” he said, voicing Iran’s plans to construct a meat-packing plant and feed materials production Center in Armenia, İRNA reported.

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For those with a monthly consumption of 10 thousand cubic meters or more, the current price of $276.98 would be reduced to $257.56.
The PM said the impact of the agreement on ordinary consumers will be announced once relevant authorities consider the issue.
Azerbaijan is highly dependent on oil revenues and its preliminary 2016 budget indicates reductions in military spending, the report says.
Karen Chshmarityan stressed the importance of developing bilateral ties within the Eurasian Economic Union.
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