BAKU, Azerbaijan, April 19. Iran should strengthen relations with Azerbaijan, as well as Central Asian countries to increase trade with member states of the Eurasian Economic Union (EAEU), Deputy Minister of Industry, Mine and Trade and Head of Trade Promotion Organization of Iran (TPOI), Alireza Peymanpak told Trend.
The deputy minister stressed that Azerbaijan has an important role among the countries of the region in the development of Iran's trade relations.
According to Peymanpak, the Trade Development Organization of Iran has prepared a special program to develop trade with the countries in the north of the country.
“For this purpose, the TPOI has not changed Iran's economic attaché in Azerbaijan. Also, the economic attaché has been given additional powers to promote trade between the two countries.
According to the statistics of the Islamic Republic of Iran Customs Administration (IRICA), Iran's trade turnover with Azerbaijan for the last Iranian year (March 21, 2021 through March 20, 2022) amounted to about 852,000 tons worth about $608 million.
The trade turnover between the two countries increased by 93 percent in value compared to the preceding Iranian year (March 20, 2020 through March 20, 2021).
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