TEHRAN – Islamic Republic of Iran Customs Administration (IRICA) and Customs Service of Republic of Armenia signed a memorandum of understanding (MOU) on customs cooperation, IRNA reported on Saturday.

The MOU was signed by the Head of IRICA, Masoud Karbasian, and the Chairman of Armenian Customs Services, Vardan Harutyunyan, in Tehran.
Under the terms of the inked MOU, Iran and Armenia’s customs organizations will exchange customs statistical data on the bilateral trade every three months and also annually. 
Iran exported some $179.103 million worth of goods to Armenia during the last Iranian calendar year (ended on March 20) while the imports stood at $20.892 million in the same period.

EF/MA