Tehran, Baku exploring new avenues to ease trade relations

TEHRAN (FNA)- Iran and Azerbaijan are mulling over bolstering trade ties following Tehran’s nuclear agreement with the six world powers in Vienna on July 14, Iranian Ambassador to Azerbaijan Mohsen Pakaieen said on Wednesday.

“Following the nuclear agreement, a proper bed is being set for both countries’ tradesmen to expand ties and increase the volume of their bilateral trade,” Pakaieen said.

He said that Iranian and Azeri businessmen, in a joint meeting in Baku, discussed removal of existing impediments to the further expansion of trade ties.

The envoy called on Iranian traders to create a think-tank and plan a road map for the development of trade relations with the Azeris.

He added that while expanding banking relations with Baku is among Tehran’s priorities, joint ventures could be made in both countries in various fields, including energy, transportation, and tourism.

Iranian President Hassan Rouhani in a meeting with Azerbaijan’s Economic Development Minister Shahin Mustafayev in Tehran last month underlined the need for developing bilateral relations in different areas.

During the meeting, the Iranian and Azeri top officials explored avenues for reinvigorating mutual cooperation and conferred on the implementation of previously accorded joint projects in the energy sector.

“Following the agreement with the six world powers in Geneva, we continually receive offers from various countries who desire to make investments in Iran; however, neighbors including Azerbaijan are our top priorities to cooperate with,” Rouhani said.

The Iranian President also underscored the vitality of expanding bilateral ties in the oil and energy sector, and said that joint ventures in the Caspian Sea projects can open doors to making mutual investments in new gas and oil projects.

Mustafayev, who headed a delegation of different Azeri companies’ representatives, expressed his country’s readiness to develop ties with Iran in various sectors like energy, trade, transportation, industry, agriculture, oil, and banking.

By Fars News Agency