Caspian Energy Journal Caspian European Club
Wednesday, 26 December 2018 13:00

Iran-Azerbaijan trade ties up by tenfold

Iran-Azerbaijan trade ties up by tenfold

Minister of Road and Urban Development of Iran Mohammad Eslami said on Tuesday that commercial exchanges between Iran and Azerbaijan Republic have increased by ten times over the past one and half a year, Caspian Energy News ( reports with reference to IRNA.

In a meeting with Minister of Economy and Industry of Azerbaijan Shahin Mustafayev after touring Astara Railway on Tuesday, he added that this was due to good relations among the officials and inauguration of Astara-Astara Railway.

Iran-Azerbaijan railroad has exposed the two countries’ capacities, Eslami said, noting that inauguration of Qazvin-Rasht and Rasht-Astara railroad and Azerbaijan-Iran Autobahn will create a dramatic change in the two countries’ trade exchanges.

Over the past five years, some 12 meetings have been held between the two countries’ presidents, indicating political resolve of the two countries for promoting relations.

Azeri Minister of Economy, for his part, said that his country intends to connect Astara-Baku autobahn to Iran’s Astara and primary studies thereof have earlier been conducted.

The deal to build the autobahn will be concluded during the next meeting of the two countries’ presidents, he said.

Mustafayev further noted that the Republic of Azerbaijan supports joint economic projects with Iran and meeting of Iran-Azerbaijan Joint Economic Cooperation will be held in Baku.

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Person in charge of the newsline: Olga Nagiyeva 

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