Iran News Agency

During a meeting in Yerevan on Tuesday both sides highlighted the need to develop trade and investment ties and cooperation.

In the wake of President Hassan Rouhani trip to Yerevan and his negotiations with Armenian counterpart Serzh Sargsyan, grounds have been provided for developing cooperation between the two countries.

Armenia as the only Eurasian Economic Union member state which has land border with Iran, together with Russia, Kazakhstan, Belarus and Kyrgyzstan has planned to create a free trade zone.