Tehran: Armenian Ambassador to Iran Grigor Arakelian underlined abundant commonalities of the two nations, and said the ground is prepared for the further expansion of economic relations between Tehran and Yerevan.

Armenian envoy calls for broadening economic ties with Iran

The opportunities for presence of foreign investors, particularly Armenians, have risen as a result of the new Iranian governmentˈs policies,ˈ Arkelian said in a meeting attended by 12 representatives of foreign countries in Salafchagan Special Economic Zone in Qom province.

He noted that Iran and Armenia also enjoy very close cooperation at the international organizations.

According to IRNA,  Arakelian pointed to Armenia-Iran cordial relations, and said, ˈThe two countries should make use of their potentialities to enhance ties in various sectors.ˈ

In recent years, Iran and its Northern neighbor Armenia have boosted cooperation, signed agreements on energy cooperation and agreed to cooperate in technology and research and enhance ties in commerce and economy.

In August, Iranˈs President Hassan Rouhani and his Armenian counterpart Serzh Sargsian, in a meeting in Tehran, hailed the friendly relations between the two neighboring states, and called for the expansion of mutual cooperation in all arenas.

During the meeting, the Iranian president said that relations between Iran and Armenia have been friendly based on mutual interests and there is no doubt that the same trend will be continued in future to help enhance the current level of relations and cooperation.

ˈIran has always called for expansion of relations and cooperation with Armenia thanks to both sides cultural and civilization commonalities,ˈ Rouhani added.

ˈArmenia at international conferences has always adopted a very close and friendly stand with Iran, which helps meet both sidesˈ interests,ˈ Rouhani said.

The Armenian president, for his part, said that Iran and Armenia have kept abreast of developments throughout history and in the past 20 years they developed economic cooperation.

ˈThere is no doubt that ties and cooperation between the two countries will be bolstered in line with the expansion of economic cooperation during the tenure of president Rouhani,ˈ he said.

According to the National Iranian Gas Company (NIGC), around 1.5 billion cubic meters of natural gas has been traded with Armenian electricity from 2007 to 2012.