4224
Trade With Azeris Could Reach $10b
Economy, Domestic Economy

Trade With Azeris Could Reach $10b

Iran and Azerbaijan can increase their annual bilateral trade to $10 billion, minister of information and communication technology, Mahmoud Vaezi has said.
“I think this target is within reach. But there are necessary steps we need to take first to pave the ground for achieving this target,” Vaezi, who co-chairs the Azerbaijan-Iran intergovernmental commission on economic, trade and humanitarian cooperation, was quoted by Baku-based Trend news agency as saying.  
He said that for the development of relations between Iran and Azerbaijan it is needed to regulate banking and customs relations to create favorable conditions for freight transport, and also to boost cooperation between the private sectors of the two neighboring countries.
The official also called for the strengthening of cooperation between the two countries in oil and gas industry. He pointed to the need for increasing mutual investments by Iranian and Azerbaijani investors.
“The two sides have previously signed an agreement on mutual investment, and it is still in force,” Vaezi said.
He announced that President Rouhani will embark on a two-day visit to Azerbaijan on November 12.
“It is planned, as part of my visit, to discuss the documents that are to be signed during President Rouhani’s visit,” Vaezi said. These documents, he added, are mainly aimed at developing cooperation between the two countries in importing electricity from Azerbaijan, facilitating customs procedures, and improving relations in transportation, tourism and insurance.
Trade exchanges between Iran and Azerbaijan totaled $144.05 million from January-September 2014, according to the State Customs Committee of Azerbaijan. In 2013, the two countries exchanged $1 billion of goods and services, which indicated 23 percent increase compared to the bilateral trade between Tehran and Baku in 2012.

 

Short URL : http://goo.gl/u3jzUK

You can also read ...

INTA Defends Monitoring of Bank Transactions
Head of the Iranian National Tax Administration Kamel Taqavi-...
TCI to Unveil eWallet
The local fixed-line operator Telecommunications Company of...
Democratic Senators Amy Klobuchar (L) and Mark Warner introduced the Honest Ads Act, in Washington, D.C. on Oct. 19.
A bipartisan group of US senators took the first steps this...
Iran-Iraq Bank Can Help Boost Trade
The head of Iran-Iraq Chamber of Commerce believes that the...
Banks’ Fiscal H1 Loan Portfolio at $68b
The Iranian banking system paid out 2.7 quadrillion rials ($67...
Iran Biggest Mideast Producer, Consumer of Footwear
Iran is the biggest producer and consumer of footwear in the...
The cost of releasing an album in the European countries is far higher than in Iran.
It’s tough to be a musician in Iran and tougher for music...
Census Mode to Change  in 4 Years
The traditional method of conducting population census based...

Trending

Googleplus