Baku, Azerbaijan, Dec. 26
By Azad Hasanli – Trend:
A delegation led by Minister of Communications and Information Technology of Iran Mahmoud Vaezi will arrive in Baku today, on Dec. 26, Azerbaijan’s Economy Ministry said in a message.
Meetings with officials of Azerbaijan, 11th meeting of the Azerbaijani-Iranian intergovernmental commission on economic, trade and humanitarian issues, as well as the Azerbaijani-Iranian business forum will be held within the framework of the visit, which will last until Dec. 29.
The Iranian delegation will also visit Nakhchivan Autonomous Republic, where it will hold a series of meetings.
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.