Iran wants to benefit from Azerbaijan in transit operations with Europe

Iran wants to benefit from Azerbaijan in transit operations with Europe

Baku, Azerbaijan, Nov. 13

By Temkin Jafarov - Trend:

Iran and Azerbaijan are developing cooperation in trade, and the two countries' common land and sea borders create potential to further expand this cooperation, the Iranian presidential administration head, Mohammad Nahavandian told Trend Nov. 13 in Baku.

He said the two countries should explore and use this potential.

Nahavandian further went on to say that the participation of the two countries' presidents at the Azerbaijan-Iran business forum, held in Baku, indicates the forum's importance.

The business forum has been an opportunity to expand cooperation between entrepreneurs of Iran and Azerbaijan, he added.

Nahavandian also said the private sectors of Iran and Azerbaijan should discuss and sign agreements on cooperation both in trade and investment areas, adding that simplification of trade procedures plays an important role in the development of cooperation between the two countries.

"Iran and Azerbaijan need to provide mutual benefits in export and import operations, on customs tariffs and in cargo transportations. The banks in both countries need to establish close cooperation for trade facilitation," Nahavandian stressed.

Top Iranian official also said the political relations between the two countries have expanded this year.

"Iran intends to strengthen cooperation in these areas," Nahavandian said. "The documents, signed between Iran and Azerbaijan, as well as those currently under discussions, contribute to the development of trade relations between Iran and Azerbaijan."

He went on to add that this process can be accelerated through expansion of cooperation in the banking sector.

The head of the Presidential Administration also said Iran intends to benefit from Azerbaijan's territory as a transit route for the export and import operations with Europe.

He added that the meeting of the presidents of the two countries also discussed the issue of linking Iranian and Azerbaijani railways through the Qazvin-Rasht-Astara (Iran) - Astara (Azerbaijan) railway.

"This railway will run through Azerbaijan's territory and be extended to Europe," Nahavandian said, adding that investments are needed for the implementation of this project.

"Taking into account that the construction of the railway is important from the economic point of view, several proposals were put forward for financing this project," he added.

He said Iran regards this as one of the strategic projects and therefore, hopes that it will be implemented with the joint efforts of the two countries.

Nahavandian said once the Qazvin-Rasht-Astara (Iran) - Astara (Azerbaijan) railway is commissioned, Azerbaijan's transit opportunities within the North-South and West-East transport corridors will increase.

The top official said this project is of great importance for Iran, adding that this railway will be alternative for the development of relations between Iran and Europe.

"Currently, roads are used for this purpose. By simplifying cargo transportation by roads and increasing the road surface firmness, Iran intends to benefit from Azerbaijani roads to develop its relations with Europe, increase the volume of transit in the direction of Azerbaijan and Georgia."

Nahavandian added that these projects will be implemented with the joint financing by Iran and Azerbaijan.

"We hope that the implementation of these projects will promote the development of bilateral and regional trade relations," he said.

Edited by SI

Subscribe to Trend in Google News! Subscribe
Sudan military chief Burhan announces ministerial appointments: Sovereign council
Sudan military chief Burhan announces ministerial appointments: Sovereign council
Turkey, Qatar agree on ensuring security at Kabul airport
Turkey, Qatar agree on ensuring security at Kabul airport
Oil prices hover around 2014 highs, supported by supply concerns
Oil prices hover around 2014 highs, supported by supply concerns
Loading Bars
MFA of Kazakhstan issues statement on European Parliament resolution on situation in country
Japan approves Pfizer's COVID-19 vaccine for children aged 5-11
2022 can be called the year of investments in Karabakh - Country Managing Partner of PwC (Interview) (PHOTO/VIDEO)
16,284 more COVID-19 cases reported in Kazakhstan
China, Russia delay U.S. bid to sanction North Koreans at U.N.
Turkey confirms 71,843 daily COVID-19 cases
New vaccine passport rules in France to come into power from next week
U.S. FAA approves 78% of planes for low-visibility landings near 5G airports
Gloomy Netflix forecast erases much of stock's pandemic gains
Turkey, El Salvador sign 6 agreements during Bukele visit
Austria becomes first country in Europe to mandate COVID-19 vaccination for all adults
Google launches fresh appeal to overturn $2.8 bln fine at top EU court
Russian, Iranian top diplomats confirm commitment to Vienna talks to restore JCPOA - MFA
Gas prices in Europe above $900 per 1,000 cubic meters
Tehran offers swap of Russian gas from Azerbaijan to southern Iran
Czech Development Agency eyes launching new projects in Georgia in 2022
Sudan military chief Burhan announces ministerial appointments: Sovereign council
Azerbaijani FM discusses issues of bilateral cooperation with Austrian minister
Azerbaijani FM meets with OPEC Secretary General (PHOTO)
UN General Assembly adopts resolution condemning Holocaust denial
Cavushoglu and Israel's Lapid hold phone call
Iran, Russia reach agreements in oil and gas sector, says minister
Children over 5 years old allowed to be vaccinated against coronavirus in Uzbekistan
Ankara expects to host Putin-Zelensky meeting - Erdogan
Turkey, Qatar agree on ensuring security at Kabul airport
Turkish Parliament speaker pays tribute to memory of martyrs of Azerbaijan's January 20 tragedy
Georgia slightly decreases imports of petroleum gases from Azerbaijan
US will keep probing diplomats’ health incidents: Blinken
Georgia shares data on cement imports from Azerbaijan
Kazakhstan Railways opens tender to buy spare parts
Azerbaijan's metallurgical production increases
Cost of manufactured computers up in Azerbaijan
Central Bank of Turkey makes decision on key rate
President Ilham Aliyev receives Advisor to French President's Cabinet and EU Special Representative for South Caucasus (VIDEO)
January 20 tragedy laid foundation for Azerbaijanis' struggle to restore their statehood and independence
Azerbaijan shares data on number of vaccinated citizens
Price indexes of industrial, trade sectors at Uzbek stock exchange rise
Azerbaijan confirms 1,186 more COVID-19 cases, 582 recoveries
Turkish VP tweets about anniversary of Azerbaijan's January 20 tragedy
Kazakhstan talks persons not eligible for support on loan deferrals, write-offs
Uzbekistan’s Bukhara oil refinery discloses volume of its production in 2021
Turkmen enterprise releases its first tablets and smartphones
Azerbaijan is beneficiary of recovery trend in hydrocarbon market - Gazprombank
Technical specifications of Azerbaijan’s Khizi-Absheron power plant revealed
Uzbek Central Bank makes decision on its main rate
Azerbaijan boosts oil exports to Georgia
State Statistics Committee discloses cost of machinery, equipment produced in Azerbaijan
Cars re-export from Georgia to Azerbaijan increases
Uzbekistan’s gas chemical complex reveals volume of its products for 2021
Kazakhstan unveils value of vehicles insurance over 11M2021
Kazakhstan reports increase in monetary base value
Kazakhstan's first president to retain right to speak at parliament and government
Azerbaijani Executive Power in Baku opens tender for purchase of truck spare parts
Tesla Berlin factory to elect works council on Feb 28
Kazakhstan to introduce two alternative ways to repay deferred payments
Introducing hydrogen as energy carrier can raise energy security risks
Impact of large-scale protests in Kazakhstan yet to play out - WoodMac
Azerbaijan's State Agency for Use of Mineral Resources opens tender on survey services
India’s cumulative COVID-19 vaccination coverage exceeds 158.88 Cr
PM Modi to host first ever India-Central Asia Summit in virtual format on Jan 27
Indian NSE world’s largest derivatives exchange for 3rd straight year
Artel launches Innovative Educational Center in Tashkent
Uzbekistan shares data on industrial production in 2021
Events held in Azerbaijani army, dedicated to January 20 tragedy (PHOTO)
Guides to accompany passengers of bus trips to Azerbaijan’s liberated Aghdam, Shusha cities
Can hydrogen market be cartelized?
Azerbaijani NBCO eyes boosting car loan portfolio
Memory of January 20 tragedy victims honored in Azerbaijan's Shusha (VIDEO)
Indian economic recovery yet to attain durability: Icra
Russia records another 38,850 coronavirus cases, highest daily number since Nov 13
PM to launch India-assisted projects with Mauritius counterpart Jugnauth today
Rapid growth of hydrogen to underpin rising demand for nickel, zirconium
Azerbaijani State Border Service to purchase building materials via tender
Iran’s CBI discloses data on balance of bank loans
Uzbek Statistics Committee reveals amount of construction work done in 2021
Azerbaijan's minister of health talks quarantine regime
Turkmen garment factory ramps up production
Iran reveals COVID-19 data for January 20
IEA expects Azerbaijan to increase oil output in 2022
Turkish MoD shares publication on anniversary of January 20 tragedy in Azerbaijan
Work related to Armenia's environmental crimes in Azerbaijan's Karabakh in progress - ministry
Iran’s Bahar Azadi gold coin price continues to rise
Turkish, Armenian special reps to discuss confidence-building measures - FM
IEA evaluates Azerbaijan’s OPEC+ compliance
Kazakhstan crude and condensate production estimated to go up in 2022
European Hydrogen Backbone joined by six more companies
Swiss Expo inks solar power purchase agreement in Poland
Кazakh Electricity Grid Operating Company opens tender to buy spares for vehicles
Turkmenbashi refinery opens tender to purchase necessary equipment
EBRD to allocate loan for Turkey’s renewable energy sector
Azerbaijan develops action plan to provide liberated areas with internet
Georgia shares data on trade turnover with Azerbaijan
Russian MFA talks about expansion of transport corridors within GUAM
Recognise ‘Hinduphobia’ and violence against Buddhists, Sikhs too: Indian envoy to U.N.
Work related to Armenian crimes against Azerbaijanis continues - Prosecutor General
Momentum in India's favour, need to prevail over COVID-19: Deloitte CEO on economic development
Central Bank of Iran shares data on exchange of bank checks countrywide
Proud to hold TEKNOFEST int'l aviation, space, technology festival in Azerbaijan - Turkish Baykar Makina
EU special rep for South Caucasus to visit Azerbaijan
Iran boasts potential to vastly increase exports to Russia
All news