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EghtesadOnline: Trade turnover between Azerbaijan and Iran increased by 30% in 2017, Azerbaijan’s Economy Minister Shahin Mustafayev said during a reception organized on the occasion of the 39th anniversary of the victory of Islamic Revolution in Iran.

“Over the past four years, 10 meetings between the heads of state and more than 100 mutual visits of officials took place, the legal framework between the states strengthened and more than 40 documents on cooperation were signed,” he was quoted as saying by Trend News Agency. Azerbaijan’s trade with Iran amounted to $229 million in January-November 2017, of which more than $213 million accounted for Azerbaijan’s import of Iranian products, Azerbaijan State Customs Committee’s latest data showed. Iran’s Minister of Economic Affairs and Finance Masoud Karbasian has expressed Iran’s readiness to host the 12th meeting of Azerbaijan-Iran Economic Commission. The 11th meeting of the joint commission was held in Baku in December 2016, Financial Tribune reported.


Shahin Mustafayev Iran Azerbaijan trade