Tehran host­ing 12th Iran-Azer­bai­jan Joint Eco­nomic Com­mit­tee meet­ing

Tehran Times - - ECONOMY -

TEHRAN — The 12th meet­ing of IranAzer­bai­jan Joint Eco­nomic Com­mit­tee was held on Tues­day morn­ing at the place of Ira­nian Min­istry of Fi­nance and Eco­nomic Af­fairs in Tehran, Shada news agency re­ported.

Not­ing that the fi­nal achieve­ments of the meet­ing will be of­fi­cially an­nounced on Wed­nes­day when the event wraps up, Ira­nian Fi­nance and Eco­nomic Af­fairs Min­is­ter Ma­soud Kar­basian eval­u­ated the con­ducted mu­tual ne­go­ti­a­tions and the reached agree­ments ben­e­fi­cial for both sides.

Kar­basian, who made the re­marks on the side­lines of the meet­ing, added that some fruit­ful talks have also been held on com­mon bank­ing ties.

Azer­bai­jan’s Min­is­ter of Eco­nomic De­vel­op­ment Shahin Mustafayev, for his turn, told re­porters that thanks to the po­lit­i­cal de­sires of the two coun­tries’ pres­i­dents, IranAzer­bai­jan trade has wit­nessed an in­crease of 20 per­cent in 2017 in com­par­i­son with the pre­ced­ing year.

Pres­i­dent Has­san Rouhani met with his Az­eri coun­ter­part Il­ham Aliyev to dis­cuss ex­pan­sion of bi­lat­eral re­la­tions on Novem­ber 1, 2017.

Rouhani de­scribed eco­nomic re­la­tions be­tween the two neigh­bor­ing coun­tries as “well-de­vel­oped” and “well-func­tion­ing”.

Iran is ready to co­op­er­ate with Azer­bai­jan in in­dus­trial and agri­cul­tural sec­tors, as well as ex­tra-ter­ri­to­rial farm­ing, oil and gas swap, and ex­plo­ration and ex­ploita­tion of oil in the Caspian Sea, Rouhani said at the time.

He also un­der­lined the ne­ces­sity of Iran-Azer­bai­jan co­op­er­a­tion in tran­sit and trans­porta­tion.

Aliyev, for his part, said, “The visit and con­stant con­tacts be­tween the high rank­ing of­fi­cials of Iran and Azer­bai­jan in­di­cate that the two coun­tries’ re­la­tions and co­op­er­a­tion are pro­gress­ing well.”

The Az­eri pres­i­dent ex­pressed sat­is­fac­tion with the de­vel­op­ment of co­op­er­a­tion be­tween Iran and Azer­bai­jan.

Azer­bai­jan’s Min­is­ter of Eco­nomic De­vel­op­ment Shahin Mustafayev (L) and Ira­nian Fi­nance and Eco­nomic Af­fairs Min­is­ter Ma­soud Kar­basian met in Tehran on Tues­day.

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