News ID: 279017
Published: 0319 GMT January 03, 2021

Armenia opts for Iran after banning Turkish imports

Armenia opts for Iran after banning Turkish imports
IRNA

Armenia is willing to import over 2,000 items from Iran after announcing bans on imports from Turkey, according to Iran’s Trade Promotion Organization (TPO).

A deputy head of TPO cited a letter from the Ministry of Foreign Affairs about Armenia’s willingness to replace Turkish commodities with Iranian products, reported Tasnim News Agency.

According to Mojtaba Mousavian, Armenia has plans to replace 2,250 Turkish items with products made in Iran.

The official described it as an opportunity for Iranian companies, considering that Armenia’s minister of economy is going to visit Tehran within the next few weeks.

He also recommended compiling a list of the items that Iranian companies can export to Armenia.

On December 31, 2020, a ban on the goods imported from Turkey took effect in Armenia.

The ban would be in effect for six months, as that is the maximum period that member states of the Eurasian Economic Union can implement unilateral embargos of this type.

The ban can be extended indefinitely, according to eurasianet.org.

   
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