TEHRAN - Some 15 Iranian knowledge-based companies are expanding their sales markets in Armenia.

The Iranian trade and technology delegation participated in the Business to Business (B2B) meetings in Armenia from October 19 to 21, IRNA reported.

The delegation was supported by the Center of International Science and Technology Cooperation (CISTC).

The B2B meetings were held with the member companies of the Armenian Chamber of Commerce.

In this regard, Andranik Aleksanyan, the head of the Armenian Chamber of Commerce, emphasized that Iranian companies should not consider the Armenian market as a small market, but rather the gateway to Eurasia.

They also visited the Armenian organization for supporting foreign investment (Enterprise Armenia) and industrial areas to identify new markets and examine markets’ needs by companies.

The Iranian delegation discussed the opportunities to expand the markets of their products in the international arena.

Meeting Armenian officials, Razieh Kohansal, an official with the Vice Presidency for Science and Technology, elaborated on Iran's capacities in the knowledge-based field and the possibility of meeting the technological needs of Armenian companies.

She said, "One of our goals is to develop cooperation between Iranian and Armenian companies to increase the share of our exports to this country,” IRNA reported.

Iran exports a variety of different goods to Armenia every year. Sharing borders with this country, and fast and cheap transportation makes Armenia a good export destination.

Armenia imports various goods from other countries, particularly neighboring countries.

Being one of Armenia's major trading partners, Iran is trying to improve its position in the market of this country.

Iran-Armenia sci-tech co-op

In June 2022, Armenian Ambassador to Iran Arsen Avagyan met with Iranian deputy science minister Vahid Haddadi-Asl, discussing ways to broaden ties in the fields of science and technology.

The two sides expressed readiness to exchange university students, transfer technology, and create research centers, IRNA reported.

Houses of innovation

Last year, it was announced that an Iranian House of Innovation and Technology (IHIT) was to be established in Armenia with the aim of developing the export of Iranian knowledge-based products.

Over the few past years, with the support of the Vice Presidency for Science and Technology, the Iranian house of innovation has been set up in several countries to develop the global market for knowledge-based products.

These centers have already been set up in countries such as Russia, Turkey, China, Syria, and Kenya, and Iraq will soon join them.

By supporting innovative ideas, and holding technological and innovative events, the centers will be a platform for the development and promotion of Iranian knowledge-based companies, startups, and creative industries.