TEHRAN (FNA)- Trade Promotion Organization of Iran (TPOI) said Armenia has announced that it will replace 2,250 Turkish products with Iranian goods in reaction to the recent Turkish sanctions.
“Due to Turkish sanctions, Armenia has planned to replace Iranian goods with 2,250 products imported from Turkey,” the Iranian official said, adding that this will be a good chance for Iranian producers.
He went on to say that in the next step, Armenia will supply its required raw materials from Iran, too.
Yerevan has suspended the import of Turkish goods for six months in reaction to Ankara’s military support for the Republic of Azerbaijan in the recent conflict in the region.
This ban was adopted on October 20, 2020, and was put into effect on January 1, 2021.
Armenian Ministry of Economy has said that Yerevan is able to compensate for the shortage of Turkish goods from countries like Iran, Belarus, Russia, and China.
In relevant remarks last month, Iranian Ambassador to Armenia Abbas Zohouri said that the two countries’ senior officials are resolved to further expand bilateral relations, adding that Armenian economy minister is planning to pay a visit to Tehran in early 2021.
Zohuri made the remarks while addressing a virtual conference on the capacity of the development of Iran-Armenia economic cooperation
“The Armenian economy minister is planning to visit Iran at the beginning of next year (2021),” the Iranian ambassador said.
He pointed out that a high-level economic delegation of Armenian companies and economic activists are scheduled to travel to Tehran.
“Improving economic relations with the neighboring countries was one of Iran’s macro policies,” Zohouri added.
The Iranian ambassador said that Armenia is one of the key markets for the import and exchange of goods between Iran and Eurasian countries in terms of having a land border with Iran.