Economy, Domestic Economy

Azeri Trade Relations

Azeri Trade RelationsAzeri Trade Relations

Iran can become the Republic of Azerbaijan’s biggest trade partner in the near future, Azeri Deputy Economy and Industry Minister, Sahil Babayev, announced in a press conference in Baku on Sunday. “The two countries have signed 103 documents so far, including 30 economic pacts,” the Babayev said. “Azerbaijan is ready to launch a joint chamber of commerce (with Iran),” he added.  Last month, on the sidelines of the 4th summit of the Caspian Sea littoral states, Iranian President Hassan Rouhani underlined the strong determination for both neighboring states to bolster bilateral cooperation in all areas. Tehran and Baku have great potential for the expansion of bilateral cooperation, particularly in the fields of energy, commerce, environment and tourism, Rouhani stated, saying the Iran-Azerbaijan Joint Economic Commission should play a more active role in this regard.