... Yerevan and New Delhi, which have a strategic dimension, is in transport and logistics. Both countries are interested in the implementation of the Persian Gulf-Black Sea international transport corridor. This project
is designed
to link India to the EAEU and EU markets via Iran, Armenia, Georgia and the Black Sea, especially given the fact that India is facing logistical problems connecting with the EU both via Russia, due to the conflict in Ukraine, and via the Suez Canal, due to traffic congestion and growing tensions in the ...
... EAEU as a whole. Meanwhile, the share of
Belarus
and
Kyrgyzstan
is almost next to nothing.
Relations between Tehran and Yerevan are somewhat different. Armenia
makes up
approximately 15% of all trade with the EAEU. Additionally, more than 25% of all EAEU imports from Iran go to Armenia. Armenia is thus a valuable partner for Iran, purchasing food and industrial products, as well as oil and gas from the country. These special relations are reflected in the fact that Iran makes up almost 9% of Armenia’s trade turnover.
Definite ...
... construction materials, kitchenware, carpets and certain products made of non-ferrous
metals
.
Armenia stands to benefit most from trade with Iran, as the country is under the economic blockade of Turkey and Azerbaijan and has no common borders with EAEU member states.
The Armenian leadership considered building a third high-voltage power line between Iran and Armenia, as well as the North–South highway, the Meghri hydroelectric power station, and the Meghri Free Economic Zone as the main incentives for Armenia–Iran trade relations. But these projects have stalled in recent years due to economic ...
