Tehran, Yerevan ink customs coop. agreement

TEHRAN, Apr. 30 (MNA) – Islamic Republic of Iran and Armenia have signed a protocol of exchange of customs information. The protocol was sealed by Head of Islamic Republic of Iran's Customs Administration (IRICA) Masoud Karbasian and Chairman of State Revenue Committee of Armenia Mr. Vardan Harutyunyan. Upon implementation of all provisions of the newly-signed protocol, all information, requests as well as customs and trade documents between Iran and Armenia need to be provided in accordance with national laws of both sides. As per the agreement, every three months as well as on an annual basis, the two parties will exchange customs statistics data on bilateral trade turnover. The protocol is anticipated to provide grounds for facilitating and expanding trade between Tehran and Yerevan in addition to opening a new chapter in bilateral trade cooperation, which will in turn, elevate bilateral economic ties between the two countries. Export the Islamic Republic of Iran to Armenia amounted to 179.103 million dollars in the previous Iranian calendar year (ended March 21) and Iran’s imports from Armenia during the mentioned period stood at 20.892 million dollars.