Iran Ups Exports to Azerbaijan

Iran has increased its non-oil exports to Azerbaijan by 73 percent, Iranian Ambassador to Azerbaijan Javad Jahangiri announced on Wednesday.

"Bilateral trade between Iran and Azerbaijan is expected to reach as much as $5 billion," Jahangiri said.

The Iranian ambassador reiterated that the situation should go on because it is good for export and attracting foreign currency for Iran.

Jahangiri also noted that both countries must step up efforts to strengthen their trade relations.

In relevant remarks in late December, Speaker of the National Assembly of Azerbaijan Republic Ogtay Asadov announced that the volume of trade ties between his country and Iran has jumped by 40 percent this year.

"Relations between the Islamic Republic of Iran and the Republic of Azerbaijan have always expanded and now they are in their golden era," Asadov said at a meeting with Governor-General of Iran's Northwestern province of West Azarbaijan Mohammad Mahdi Shahriari in Urumiyeh.

"The volume of trade ties between Iran and Azerbaijan has increased 40% in 2018 and it can further grow given the existing capabilities and capacities," he added.

source: Financial Tribune