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EghtesadOnline: Azerbaijan invites Iranian entrepreneurs to actively cooperate with local businessmen, said Azerbaijan’s Deputy Economy Minister Sahib Mammadov.

Mammadov made the remarks Aug. 31 during the Azerbaijani-Iranian business meeting in Baku.

The meeting, organized by Azerbaijan Export and Investments Promotion Foundation (AZPROMO), was attended by more than 80 local and Iranian businessmen, reports ILNA.

Azerbaijani deputy minister said that Azerbaijan and Iran have great potential to develop the cooperation in various spheres of economy.

Mammadov noted that this meeting will contribute to the development of cooperation and the expansion of trade relations between the two countries.

Iran’s Ambassador to Azerbaijan Mohsen Pak Ayeen, in turn, said that the two countries entered a new stage of development of relations and relations in the economic sphere are developing successfully, as in other spheres.

During the meeting, Chairman of the Agricultural Chamber of Commerce of Iranian North Khorasan province Mohammad Samedi spoke about the projects envisaged in the areas of agriculture, tourism, healthcare, pharmaceutics, and production of motor cars and spare parts for them.

In January-July 2016, the trade turnover between Azerbaijan and Iran amounted to $105.7 million, more than $77 million of which accounted for imports from Iran, according to Azerbaijan’s State Customs Committee.

Iranian businessmen Iran-Azerbaijan trade Iranian entrepreneurs Sahib Mammadov