Armenian Parliament ratifies agreement on forming free trade zone with Iran

Armenian Parliament ratifies agreement on forming free trade zone with Iran

The Armenian Parliament approved the bill on ratifying the interim agreement on forming a free trade zone between Iran and the member states of the Eurasian Economic Union (EEU).

The bill was approved during today’s session: 118 MPs voted in favor of the bill, 1 voted against and 2 abstained.

Armenia's Deputy Economic Development and Investments Minister Albert Babayan said during the meeting that the agreement would raise exports of Armenian goods to Iran.

"Armenia could also become a transit country for exports of Iranian products to the countries of the Eurasian Economic Union," RIA Novosti cited him as saying.

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