Baku, Azerbaijan, Dec. 22
By Azad Hasanli – Trend:
Baku will host the Azerbaijani-Iranian business forum Dec. 27, the Azerbaijan Export and Investments Promotion Foundation (AZPROMO) said in a message Dec. 22.
It is expected that the Iranian entrepreneurs working in the fields of agriculture, food industry, light industry, pharmaceuticals, transportation, logistics, tourism, ICT, construction, production of building materials, spare car parts and others, will take part in the forum, according to the message.
Iranian companies have so far invested $2.6 billion in Azerbaijan’s economy. As much as $145 million of the total amount has gone to the non-oil sector of Azerbaijan. This is while some 450 companies with Iranian share operate in Azerbaijan.
Trade turnover between Azerbaijan and Iran amounted to $175 million in January-November 2016, $130.13 million of which accounted for the import from Iran, according to the State Customs Committee of Azerbaijan.