Armenia considers possibilities of Iranian port of Chabahar - Papoyan

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YEREVAN, September 30 /ARKA/. Armenia is considering the possibility of carrying out activities in the Iranian port of Chabahar, said Armenian Minister of Economy Gevorg Papoyan.nbsp;br/pp

In November last year, Armenian Deputy Foreign Minister Mnatsakan Safaryan stated that Armenia was negotiating to join the Iranian port of Chabahar to gain access to India and other Asian countries. In the future, it is envisaged to establish a connection between the port of Chabahar and the international transport corridor North-South.nbsp;/pp “Within the framework of the “Crossroads of Peace” initiative, Armenia is considering a project to carry out activities in the Iranian port of Chabahar, aimed at creating new routes for the export and import of goods from Armenia,” Papoyan said on Monday at a meeting with a delegation led by Iranian Minister of Industry, Mines and Trade Seyyed Mohammad Atabak./pp

On Monday, Armenian Deputy Minister of Economy Narek Hovakimyan and Iranian Deputy Minister of Industry, Mines and Trade Mohammad Ali Dehghan Dehnavi signed a memorandum of understanding in Yerevan on the exchange of goods and services in the field of private business development.nbsp;/pp

The document promotes the development of trade relations between the private sectors of two countries, the introduction of new mechanisms in trade relations and an increase in the volume of trade turnover.nbsp;/pp

The port of Chabahar is located in southeastern of Iran. India and Iran agreed to jointly develop the port in 2003, but the project was delayed due to international sanctions against Iran. In 2016, Indian Prime Minister Narendra Modi announced during a visit to Tehran that New Delhi intended to invest $500 million in the construction of port infrastructure. -0-/p