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.