Iran-Armenia annual trade balance hits $300m

Armenian Ambassador in Tehran Artashes Tumanyan has put Iran-Armenia annual trade at $300 million, AVA Diplomatic reports.

The main trade exchanges between Iran and Armenia are being made in the energy sector, particularly the gas sector, Tumanyan said.

It is expected that trade exchanges between the two countries will rise significantly, the ambassador added.

Noting that the relations between the two countries have been more of a political nature, he said that every effort will be made to move relations between Iran and Armenia towards trade ties.