Iran-Azerbaijan economic ties will expand - Mahmoud Ahmadinejad
Economic ties between Iran and Azerbaijan will expand, Iranian President Mahmoud Ahmadinejad said in an interview with Iran's Sahar TV.
"In the first step we envision at least USD 5 billion [amount of economic ties]. This [sum] can easily be increased", Ahmadinejad said, PressTV reported.
Currently, the annual trade turnover between the two countries is $ 550 million.
The Iranian chief executive on Thursday has attended the third summit of the leaders of Caspian littoral states in the Azerbaijani capital of Baku.