Iran, Azerbaijan to sign preferential trade agreement within the next month

Business Materials 19 January 2021 11:14 (UTC +04:00)

BAKU, Azerbaijan, Jan. 19


The head of Iran`s Presidential Office announced the finalization of the preferential trade agreement between the two countries which will be signed within a month.

The Head of the Presidential office of the Islamic Republic of Iran and Azerbaijan's Deputy Prime Minister met on Monday night stressed the need to develop and deepen relations between the two countries in all fields, especially economic and trade relations.

The head of the President's Office expressed satisfaction with the good process of holding a joint economic commission, during the meeting between Mahmoud Vaezi and Shahin Mostafaev, which took place after the 14th Iran-Azerbaijan Economic Commission Summit in Tehran, Trend reports citing Iran`s President official website.

“Tehran-Baku relations have been developing in all fields since 2013. Holding 13 meetings between the two presidents show the will of Iran and the Republic of Azerbaijan to expand relations,” said Mahmoud Vaezi the head of Iran`s Presidential Office.

He announced Iran`s readiness to host the President of Azerbaijan in Tehran.

"The exchange of more than 100 diplomatic delegations at the level of ministers of the two countries and the signing of more than 40 cooperation MoUs are great steps taken between the two countries,” he added.

“Economic and trade relations between Iran and the Republic of Azerbaijan are increasing with the removal of obstacles, despite the Coronavirus outbreak and the restrictions imposed.”

Referring to the need for reconstruction of the liberated areas of the Republic of Azerbaijan, which has been damaged by the war, he says that "Iranian companies can have a large participation in the reconstruction process.”