Iran will build a business center and permanent fairground in the Republic of Azerbaijan.
Islamic Republic of Iran Broadcasting reported the building's start-up ceremony was held on Monday.
President of the Iran Chamber of Commerce, Industry and Mines Mohammad Nahavandian speaking at the ceremony said, "Opening this center is an important step towards the development of trade ties between the two countries, and it is a good opportunity for introducing (Iranian) commercial and industrial potential."
Currently the bilateral trade between Iran and Azerbaijan Republic stands at $800 million.