Yerevan /Mediamax/.   Armenia and Iraq will set up a joint council of businessmen to encourage contacts and mutual investments of the two countries' businessmen.

It was noted during the meeting of Armenian President Serzh Sargsyan and Vice Prime Minister of Iraq Rosh Nouri Shawees in Yerevan, Mediamax reports.

The delegation headed by Iraqi Vice PM is in Yerevan within the second session of Armenia-Iraq Intergovernmental Committee.

During the meeting, the Armenian President and Iraqi Vice PM touched upon the development of commercial and economic ties between the two countries. Abrupt growth of trade turnover between the countries was noted.

Many Iraqi businessmen are within the delegation headed by Rosh Nouri Shawees in Armenia.