Azerbaijan’s trade with Iran witnessed a 30-percent growth in the first 10 months of 2019, compared to the figure for the same period last year, according to a report by an Azerbaijani state organization.
The International North-South Transport Corridor (INSTC) will play a significant role in the development of not only Iran, Azerbaijan and Russia, but also other countries in the region, Chairman of Azerbaijan Railways Javid Gurbanov said.
Iranian Energy Minister Reza Ardakanian and his Azeri counterpart exchanged views on the development of bilateral relations in the field of energy and underlined the need for deepening mutual cooperation.
Azerbaijan’s ambassador to Tehran Bunyad Huseynov expressed his country’s interest in further expanding commercial and economic ties with Iran, and lauded the significant 74-percent growth in the volume of bilateral trade.
Iranian Deputy Minister of Roads and Urban Development Saeed Rasouli announced that his country will soon start track-laying operations for 40 kilometers of Astara-Rasht railroad which will link Azerbaijan’s Southern city of Astara with Iran’s network.
Relations between Azerbaijan and Iran in the field of Information and Communication Technology (ICT), as well as other sectors of the economy are greatly developing, said the Azerbaijani Minister of Transport, Communications and High Technologies Ramin Guluzade while speaking at a press conference held during the 25th International Exhibition of Electronics, Computers and e-Commerce (Elecomp 2019) held in Tehran, Trend News Agency reported.