TEHRAN — The 12th session of Iran-Armenia joint economic commission was held in Tehran on Monday with a number of the two countries’ ministers and their deputies in attendance, Tansim News Agency reported.

During the meeting, Iran’s Energy Minister Hamid Chitchian touched upon the great potential for closer cooperation between Tehran and Yerevan in diverse areas, including in cultural and political fields.

“The Islamic Republic of Iran and Armenia share many cultural and historical commonalities,” he said, adding, “Since the independence of Armenia, these commonalities together with the policy of good neighborliness have made political relations between the two countries experience an increasing trend free from ups and downs.”

Chitchian emphasized that over the past two years, some financial problems caused a halt in the growing mutual cooperation, adding that however, with the efforts made by the two sides’ relevant organizations and officials, the problems have been resolved and the two countries can enjoy closer relations, particularly in the field of economy.

Also at the meeting, Armenian Energy and Natural Resources Minister Ervand Zakharyan voiced his country’s determination to strengthen bilateral cooperation with Iran in all fields.

There is an appropriate legal ground for the promotion of economic cooperation between the two countries in diverse areas, he said.

Zakharyan added that the two countries can jointly work on various projects, including the completion of the third line of power transmission between the two countries, the completion of the joint railroad and the construction of a hydroelectric power station.

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