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Azerbaijan can be corridor for Iran's access to CIS markets

Business Materials 1 September 2021 13:24 (UTC +04:00)
Azerbaijan can be corridor for Iran's access to CIS markets

BAKU, Azerbaijan, Sept. 1

By Elnur Baghishov – Trend:

Azerbaijan can be a corridor for Iran's access into the markets of CIS countries, Iran's trade attaché to Azerbaijan Mehdi Babaei said, Trend reports citing Zanjan Chamber of Commerce, Industries, Mine and Agriculture.

He made the remark an online meeting of the Zanjan Chamber of Commerce, Industries, Mine and Agriculture.

According to him, Azerbaijan has made investments in direction to become a transit center in the region.

Babaei added that for this reason, it is necessary to use the opportunities created in Azerbaijan in order to export goods to third countries.

The official emphasized that Iran exports 1,300 types of goods to Azerbaijan per year. By increasing the types of goods, Iran can increase its trade turnover with Azerbaijan from $500 million to $1.5 billion a year.

Speaking at the meeting, the head of the Zanjan Chamber of Commerce, Industries, Mine and Agriculture Ali Yeganafard said that work is being done to get acquainted with the trade potential of Azerbaijan and develop trade cooperation.

“It is possible to export agricultural products, goods of startup companies, precious stones, zinc ingots from Zanjan Province. In addition, it is possible to cooperate in the reconstruction of Karabakh and in the field of health,” Yeganafard,” he noted.

According to the Islamic Republic of Iran Customs Administration (IRICA), Iran's trade turnover with Azerbaijan amounted to 266,000 tons worth $140 million in the first four months of the current Iranian year (from March 21 through July 22, 2021).

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