Baku, Azerbaijan, Sept. 7
By Farhad Daneshvar, Emil Ilgar – Trend:
Iranian companies, active in oil, gas, construction, pharmaceutical, car making and other industrial spheres will attend an exhibition in Baku, scheduled for September 19, Iran’s Trade Attaché in Baku Mohammad Ebrahim Naghizadeh said during a press conference in Baku Sep.7.
He added that more than 50 Iranian companies will attend the exhibition.
"In the meantime, a business forum will be held in Baku on Sep.20, which is the largest forum between the two countries ever," he said.
Naghizadeh went on to add that 300 companies from Azerbaijan and more than 150 from Iran will attend the event.
According to Naghizadeh, trade turnover between Iran and Azerbaijan has increased by 70 percent in the first half of 2016.
He didn't mention any figures about the current year, but Hassan Mortajeh, the director of Pars Pegah company, which hosts of the exhibition said that in 1H16, Iran exported $178.5 million commodities to Azerbaijan.
Meanwhile, Hassan Motazez, the head of exhibition, also said that the upcoming exhibition and business forum, called "Iran Project 2016", will play a key role in improving ties between the two countries.
"Iran Project 2016" is aimed at studying Azerbaijan's market, he said, adding that Iran aims to have a win-win relation with Azerbaijan.
Iran gives priority to neighbouring countries in boosting economical relations during the post sanctions era. The sanctions over Iran was eliminated in January 2016.
According to The State Customs Committee of the Republic of Azerbaijan, the country has increased imports from Iran by 58 percent to $77.347 million during Jan-Aug year-on-year, while it's exports to Iran increased by 113.53 percent to $28.340 million in 7 months.