Iranian companies will be able to use the Pirallahi Industrial Park, which will specialize in pharmacy, Azerbaijan’s Minister of Economy Shahin Mustafayev said.
He made the remarks during the meeting with the Iranian Ambassador to Azerbaijan Mohsen Pak Ayeen, said the country’s Economy Ministry.
The meeting was held in connection with completion of Pak Ayeen’s diplomatic mission in Azerbaijan.
Mustafayev also pointed out the high level of relations between Azerbaijan and Iran, and spoke about the projects implemented by the two countries. He said the construction of the bridge over the Astara River, which was one of important parts of the International North-South Transport Corridor, would be completed before late 2016.
It was also noted that trade turnover between Azerbaijan and Iran grew by 70% during the first seven months of 2016.
Pak Ayeen said that during his diplomatic activity in Azerbaijan 50 documents were signed between the two countries in the sphere of economy, 20 of which were signed in 2016.
Mustafayev noted Pak Ayeen’s contribution to development of relations between Azerbaijan and Iran, and wished him success in future activities.
Trade turnover between Azerbaijan and Iran amounted to $122.08 million in January-August, $30.66 million of which fell on export of Azerbaijani goods to Iran, according to the State Customs Committee of Azerbaijan. (Trend/Business World Magazine)
