(MENAFN)On Saturday, Iran and Armenia signed a memorandum of understanding (MOU) for the growth of trade relations amid both countries.
The MOU was signed by Iranian Industry, Mining and Trade Minister Alireza Razm Hosseini and the Armenian Economy Minister Vahan Kerobyan in Tehran.
On Friday, Heading a trade delegation, Kerobyan arrived in Iran to talk about the growth of trade ties amid both countries.
Speaking on the sidelines of the signing ceremony, Razm Hosseini put Iran's exports to Armenia at about USD300 million and stated that the signing of this MOU will be a great step towards developing the level of trade amid the two neighbors.
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