Iran, Azerbaijan Trade Sees Significant Rise In Past Six Months

Iran, Azerbaijan Trade Sees Significant Rise In Past Six Months

TEHRAN, Iran, Aug 4 (NNN-IRNA) – Trade between Iran and Azerbaijan has grown by 2.2 times in the past six months, compared with the same period last year.

Tehran and Baku have made joint investments in various fields, including railway industry, and the two countries’ trade will increase even more in the near future, Iranian Minister of Finance and Economic Affairs, Farhad Dejpasand, was quoted as saying.

Dejpasand made the remarks, after a meeting with Azerbaijan’s Minister of Economy, Shahin Mustafayev, in Tehran, on Saturday.

“The number of Iranian companies active in Azerbaijan has also grown by more than 34 percent, in the past six months,” Dejpasand said.

The Iranian minister said, the two countries share common interests in a variety of areas, including energy, banking and customs, adding that, this will be the topic of discussion in the upcoming Iran-Russia-Azerbaijan trilateral summit, in Russia’s Sochi city.

The two sides are also keen on expansion of cooperation in more areas, like automotive, pharmaceuticals, agriculture and even education, Dejpasand pointed out.– NNN-IRNA

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