Economy, Domestic Economy
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New Page in Ties With Azerbaijan

New Page in Ties With AzerbaijanNew Page in Ties With Azerbaijan

Mohsen Pak Ayeen, Iran’s ambassador to Azerbaijan says the lifting of sanctions will promote Tehran’s relations with Baku.

“I hope, relations between Azerbaijan and Iran will get closer, and mutual cooperation will develop,” Pak Ayeen said in an interview with Aran radio station, as reported by Azernews.

He noted that the leaders of the two countries have demonstrated the political will to expand ties, adding that the recent visits of state officials indicate that bilateral ties are already expanding.

“The two sides are planning to discuss cooperation in various spheres and implementation of joint projects in the future. Trade, customs and cultural ties are developing in line with the common interests of the two sides,” Pak Ayeen said.

Earlier, Iranian Deputy Foreign Minister Abbas Araqchi said a new chapter will open in Iran’s ties with neighboring countries, particularly Azerbaijan in the post-sanctions period.

Araqchi stated that due to its unique transit potential located between Iran and Europe, Baku would have an important place in Iran’s future cooperation with the EU.

Azerbaijan was the 12th leading importer of Iranian non-oil goods in the previous Iranian year, which ended on March 20, according to the Islamic Republic of Iran Customs Administration.

Iran exported $435 million of non-oil goods to Azerbaijan and imported $22 million of non-oil goods from the country.

Azerbaijan and Iran have had diplomatic relations since 1918. Iran recognized Azerbaijan’s independence in 1991 and diplomatic relations between the two countries were reestablished in 1992.

Currently, the two countries are focused on expanding economic ties in various fields, including industry, agriculture, energy, alternative energy, and transportation.

Financialtribune.com