Armenia arranges free trade area with Iran, Economy Minister saysAugust 25, 2016 - 15:41 AMT PanARMENIAN.Net - Prime Minister Hovik Abrahamyan at a session of the Eurasian Intergovernmental Council has reached an agreement on the establishment of a free trade area with Iran, Economy Minister Artsvik Minasyan said Thursday, August 25, according to Tert.am. “The creation of a free trade area with Iran will enable establishing better relations between Iran and the Eurasian Economic Union,” Minasyan said. The main problem facing Armenia, according to the Minister, is ensuring legal guarantees. Weighing in on the deal, Minasyan said that both Armenia and Iran should be engaged, with Armenia, according to him, already making efforts. Asked whether Armenia can have a free trade area with Iran independent from Russia, Minasyan said Armenia has had such a status from the very beginning, and that no new document will be signed between Iran and the Eurasian Economic Union in this regard. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |