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Armenia and Iran plan new transit and transport corridor connecting the Gulf to the Black Sea

22 December 2016

Armenia and Iran want to establish a transit and transport corridor that will connect the Gulf with the Black Sea. This was stated at the end of an official visit by President Hassan Rouhani of Iran to Armenia.

We have exchanged views on the program related to the establishment of a Persian Gulf-Black Sea transport and transit corridor," said Sargsyan at a joint statement following a meeting with Rouhani in Yerevan on Wednesday.

Rouhani visited Yerevan, the capital of Armenia, on the first leg of a Eurasian visit, which will also take him to Kazakhstan and Kyrgyzstan. The Iranian president was accompanied by a number of his ministers and deputies.

The project, once constructed, will be mutually beneficial, making it cheaper, safer, and shorter for Iranian and Armenian vehicles as well as those from other countries to transport cargos.

"This will be not only the shortest and the safest passage via Armenia for the Iranian vehicles but will also become a very serious impulse for the growth of the turnover between our countries," read another part of the statement.

President Rouhani confirmed the talks, stressing that the corridor will foster trade between Tehran and Yerevan and benefit the whole region.

"Connecting the Black Sea to the Persian Gulf will result in a great development in economic and trade ties between the two countries and the region," Rouhani told an Armenian-Iranian business forum on Wednesday in Yerevan. President Sargsyan and President Rouhani attended the closing ceremony of the Forum which took place at the Radisson Blue Hotel compound.

The Forum was organized by the Armenian Development Fund in the framework of the official visit of the President Iran to Armenia. 

During the visit, the two sides signed memoranda of understanding on sports, tourism and museum cooperation, emergency situations, and joint use of Meghri and Nurdooz Land Border Gate.

The two also stressed continuous swaps of natural gas and electrical energy.

source; commonspace.eu with Tehran Times

photo: President Serzh Sargsyan of Armenia and president Hassan Rouhani of Iran at the Armenia-Iran Business Forum held in Yerevan on 21 December 2016 (picture courtesy of the press service of the president of Armenia).

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