Ambassador: Iran’s economic co-op with Azerbaijan to expand after sanctions removed
Baku, Azerbaijan, Nov. 17
By Anvar Mammadov - Trend:
Full removal of sanctions on Iran will further expand the country's possibilities for economic cooperation with Azerbaijan, according to Mohsen Pak Ayeen, Iran's ambassador in Baku.
Pak Ayeen, addressing the Azerbaijan-Iran Business Forum Nov. 16, said Azerbaijan and Iran have many priority areas for cooperation.
"Successful completion of talks on Iran's nuclear program made it possible for relations between our countries to come to a new level," noted the ambassador.
"Currently, we are further exploring the potential for developing cooperation between our countries in the oil and gas, petrochemical and construction spheres," he added.
He also expressed readiness to provide all possible support to Azerbaijani and Iranian businessmen, who want to establish cooperation.
Rufat Mammadov, Head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said in his turn that currently 480 companies operate in Azerbaijan on Iranian capital, and the volume of Iranian investments in the country stands at around $760 million.
Mammadov also spoke about the success achieved by Azerbaijan's economy in recent years and briefed the forum participants about the activities taken by AZPROMO in attracting foreign investments to the economy's non-oil sector.
The business forum, organized by AZPROMO and Iran's Pars Pegah Tejarat, was attended by over 200 businessmen from both countries working in the oil and gas sector, in chemical industry, agriculture, food industry, construction, engineering and various other areas.
Edited by SI
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