Prime Minister Hovik Abrahamyan at a session of the Eurasian Intergovernmental Council has reached an agreement on the establishment of a free trade area with Iran, Economy Minister Artsvik Minasyan said Thursday, August 25, according to Tert.am.
“The creation of a free trade area with Iran will enable establishing better relations between Iran and the Eurasian Economic Union,” Minasyan said.
The main problem facing Armenia, according to the Minister, is ensuring legal guarantees.
Weighing in on the deal, Minasyan said that both Armenia and Iran should be engaged, with Armenia, according to him, already making efforts.
Asked whether Armenia can have a free trade area with Iran independent from Russia, Minasyan said Armenia has had such a status from the very beginning, and that no new document will be signed between Iran and the Eurasian Economic Union in this regard.

Iran’s interest in a settlement of the Nagorno-Karabakh conflict is as great as Russia’s interest, political scientist Stanislav Tarasov told Tert.am.
Russia’s long-range Tu-22M3 bombers delivered their first airstrikes on terrorist targets in Syria operating from an Iranian airbase. Moscow and Tehran signed a military agreement allowing Russian aircraft to station at Hamadan Airport in western Iran, Russoa Today reports.
In an interview with Tert.am, Suren Sargsyan, Teaching Assistant, Fletcher School of Law and Diplomacy, Tufts University, says that Iran-Armenia-Georgia-Russia cooperation could be an alternative to the newly formed Russia-Azerbaijan-Iran format.
All Iranian border checkpoints are already informed that Armenian citizens are allowed to enter Iran without visa territory said the Iranian ambassador to Armenia Seyyed Kazem Sajjad during his meeting with Hovik Abrahamyan, Prime Armenian Minister.
It was announced Tuesday that Armenia has requested Iran to provide more natural gas at a one-month suspension of its gas imports from Russia, conducted via Georgia.
A session of Iran’s Cabinet made decisions on lifting of visa requirements between Armenia and Iran.
Iran’s major car manufacturer Iran Khodro and French car manufacturer Peugeot-Citroen (PSA) agreed to launch a joint company in Tehran for car production, Xinhua News reports, citing Tasnim news agency.
Officials in Iran have broken up “the biggest terrorist plot” to target Tehran and other Iranian cities. Intelligence officials reportedly seized “huge” amounts of explosives and some bombs.