November 9, 2015 - 12:09 AMT
Delegation of 65 Armenian companies headed for Tehran

A delegation of 65 top Armenian companies, headed by the country's Economy Minister Karen Chshmarityan, has left Armenia for Iran on Monday, November 9, the chief of the Armenia-Iran Joint Chamber of Commerce (AIJCC) told reporters, according to Mehr news agency.

According to Levon Aharonian, the visit aims to boost trade and business cooperation.

The Armenian business heads are scheduled to meet with their Iranian partners and counterparts.

Referring to the prospects of Tehran-Yerevan trade ties, Aharonian noted that Iran-Armenia trade volume amounted to $400 million in March 21, 2014- March 21, 2015, expressing hope that the figures will be improved in the future.

Armenia was the 23rd biggest importer of Iranian non-oil goods in the first half of the current Iranian calendar year (March 21-Septemeber 22), according to the Iran Customs Administration.

Iran exported bitumen, oil, industrial lubricants, and soybean oil to Armenia and imported sheep, waste aluminum and cast-iron in return.

Also Tehran exported $63.847 million worth non-oil goods to Armenia and imported $5.409 million of non-oil goods from the country in the six-month period.