By Nigar Abbasova
Azerbaijani business delegation, headed by Economy Minister Shahin Mustafayev, will visit Iran on February 22-24, Azerbaijan Export and Investment Promotion Foundation (AZPROMO) reported.
The delegation will visit Iranian cities of Ardebil and Urmia, where will be held business forums and business meetings. The forum will bring together Iranian and Azerbaijani entrepreneurs engaged in different spheres.
The two countries are eager to develop their non-oil economy, integrate regional transport networks and boost mutually advantageous business projects.
Such spheres as agriculture, banking sector, pharmaceutics, as well as cooperation within the international North-South transport corridor are the main areas that the two states are focused on.
Iranian companies have so far invested some $1.2 billion, while some $145 million fell to a share of non-oil sector. Some 450 companies with Iranian capital are operating in Azerbaijan.
The trade turnover between the countries hit some $15.77 million in January 2017, while the index of the last year stands at $9.56 million.
Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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