Baku, Azerbaijan, Sept. 17
By Umid Niayesh - Trend:
Iran proposed to establish of a tripartite commission on economic cooperation with Azerbaijan and Turkey, Iranian news agency IRNA said Sept. 17.
This proposal was made by Mahmoud Vaezi, Iran's Information and Communication Technologies Minister, Co-chair of Intergovernmental Commission on Trade, Economic and Humanitarian Cooperation, at the meeting with Azerbaijan's delegation led by the Economy and Industry Minister Shahin Mustafayev.
Azerbaijani delegation is on a two-day visit to Tehran.
The meetings, plan to discuss prospects for the two countries' cooperation in the sectors of energy, oil and gas, customs, agriculture and tourism, IRNA said.
Vaezi told reporters that during his meeting with Azerbaijani minister they discussed social and regional problems, and both parties noted the importance of strengthening ties between Iran and Azerbaijan.
Discussions also touched upon the agreements reached during the Azerbaijani President Ilham Aliyev's visit to Iran and at the ninth session of the intergovernmental commission.
Azerbaijani delegation also met with the Iranian Energy Minister Hamid Chitchian.
Chitchian told the Iranian television that the meeting mulled the issues of cooperation in the sectors of renewable energy, power exchange, construction of water power plants in Azerbaijani town of Ordubad and Iranian village of Marazad.
The Iranian minister added that the cooperation is being discussed in details at the expert level.
The representatives of the Azerbaijani delegation are also scheduled to meet with the ministers of agriculture, economy and transport of Iran.
As of late 2013 the trade turnover between Azerbaijan and Iran grew by seven percent. The two countries' trade turnover in January-June 2014 stood at $94.12 million, according to Azerbaijan's State Customs Committee (SCC).
Iranian investments in Azerbaijan's fixed capital today amount to $382 million, some $105 million of this being invested in the non-oil sector of the economy. The total volume of Iranian investments in the fixed capital in 2013 stood at $158 million.
Until today Azerbaijan and Iran have signed 103 documents, including about 30 documents in the economic sector.
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