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Rouhani: Iran prioritizes ties with Azerbaijan and Russia

11 April 2017 17:40 (UTC+04:00)
Rouhani: Iran prioritizes ties with Azerbaijan and Russia

By Kamila Aliyeva

Iranian President Hassan Rouhani said that the improvement of relations with neighboring countries, in particular, with Russia and Azerbaijan, is top priority for his government.

Relations with Azerbaijan and Russia have improved significantly in recent years, according to the President, IRNA agency reported on April 11.

Rouhani made these remarks in the opening ceremony of a number of infrastructural projects in the northern province of Mazandaran.

He added that trade turnover with Russia grew by 80 percent during the last Iranian calendar year (March 20, 2015 - March 20, 2016), predicting that the development of the northern port of the Islamic Republic, Amirabad, will further strengthen trade ties between the two countries.

"There is also a good development potential for our business ties with Azerbaijan and in the coming years we will see an increase in bilateral trade," Rouhani said.

The recent visit of the Azerbaijani president to Tehran as well as signing several important documents showed high level of cooperation between the two states.

Azerbaijan and Iran jointly cooperate in implementing a number of projects such as North-South Transport Corridor.

The two countries successfully work in the frameworks of Iran-Azerbaijan-Russia and Iran-Azerbaijan-Turkey trilateral formats, which are the examples of cooperation in protecting stability, security, regional development as well as combating terrorist threats.

Iranian companies have so far invested some $1.2 billion, while some $145 million fell to a share of non-oil sector. Some 538 companies with Iranian capital are operating in Azerbaijan.

According to the State Customs Committee of Azerbaijan, in 2016 the trade turnover between Azerbaijan and Iran amounted to $210.76 million, $49.68 million of which falls for the export of Azerbaijani goods to Iran.

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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva

Follow us on Twitter @AzerNewsAz

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