Azerbaijan vows for expanding parliamentary co-op with Iran
By Trend
Oktay Asadov, the speaker of Azerbaijan's parliament, has
officially invited his Iranian counterpart Ali Larijani to pay a
visit to Baku.
At a meeting with the Iranian outgoing ambassador to Azerbaijan,
Mohsen Pak Ayeen, Azerbaijani speaker called for expansion of
parliamentary cooperation between the two countries.
Oktay Asadov has said that the two neighboring countries enjoy
proper capacities for cooperation particularly in parliamentary
issues, the Iranian embassy in Azerbaijan said.
Mohsen Pak Ayeen served as Iran’s ambassador to Baku for four years
and he will hand over the office to Javad Jahangirzadeh in the
coming days.
Ties between Iran and Azerbaijan have considerably improved over
the past several years. The presidents of the two countries have
met seven times agreeing on a number of deals.
Iranian companies have invested $2.6 billion in Azerbaijan’s
economy. About $145 million of the total amount has gone to the
non-oil sector. This is while some 450 companies with Iranian share
operate in Azerbaijan.
The volume of trade turnover between the two countries has soared
by 70 percent over the first seven months of the current year.
Trade turnover between Azerbaijan and Iran amounted to $122.08
million in January-August 2016, $30.66 million of which accounted
for the export of Azerbaijani goods to Iran, according to the State
Customs Committee of Azerbaijan.
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