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Tehran, Baku agree to lift trade legal barriers

Baku, Iranian Minister of Industries, Mining and Trade Reza Rahmani said that based on the agreement between Iran and Azerbaijan, both countries will remove any legal block on developing their economic relations.

Addressing the groundbreaking ceremony of IranBaku bus manufacturing company in Hajigabul Town, southern Baku, Rahmani said suitable bilateral economic talks were held between Iran and Azerbaijan.

He added that both sides are interested in promoting economic relations.

Referring to Iran and Azerbaijan geographical positions in the region and the suitable location in NorthSouth International Corridor, he called for taking advantage of transportation infrastructures in the region.

Rahmani also pointed to both sides' determination for maintaining joint investment, and said creating joint industrial zone at border areas was also reviewed to pave the way for Iranian and Azeri investors.

Describing Azerbaijan as an important trade partner for Iran in the region, he said it ranked first as regard Iran's cooperation with Central Asian and Caucasus

He reiterated that Iran and Azerbaijan enjoy strategic political ties.

Rahmani arrived in Baku on Thursday on a twoday official visit to explore avenues for enhancing the two countries' cooperation and implementing economic projects.

Rahmani earlier on Thursday conferred with Azeri President Ilham Aliyev on issues of mutual interests along with regional developments.

The Iranian minister also appreciated the relief aid sent by Azerbaijan to floodstricken people in Iran and underlined implementation of the already signed agreements on economy, industry and investment opportunities.

Source: Islamic Republic News Agency IRNA

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