Azerbaijan’s Deputy Prime Minister Shahin Mustafayev has visited the country’s southern neighbor Iran where he met President Hasan Rouhani and other senior officials to discuss the bilateral relations, particularly those on trade and economics.

Azerbaijan and Russia will open a joint pharmaceutical company Hayat Pharm near Baku, Azerbaijan’s Deputy Prime Minister Shahin Mustafayev has said.

Azerbaijan may at least double the volume of agricultural supplies to Russia, which currently stand at about $600 million a year, Azerbaijani Deputy Prime Minister Shahin Mustafayev said at the 10th Russia-Azerbaijan Interregional Forum in Moscow, Trend reports Nov. 23.

President of Azerbaijan Ilham Aliyev has received Shahin Mustafayev in connection with his appointment to the post of Deputy Prime Minister, Azertag reported.

Azerbaijan’s Economy Ministry and BP may cooperate to develop the country’s alternative energy sector.

Over 700 Azerbaijani companies operate in Georgia, Azerbaijani Minister of Economy Shahin Mustafayev said.

Russia’s Sverdlovsk region is an important business partner of Azerbaijan, Azerbaijani Minister of Economy Shahin Mustafayev said.

Azerbaijan and Russia’s Sverdlovsk Region signed an agreement on the establishing international and foreign economic relations in trade, economic, scientific, technical and other fields, Trend reports from a meeting of Azerbaijani Minister of Economy Shahin Mustafayev and Sverdlovsk Region Governor Yevgeny Kuyvashev.

Being important actors in the South Caucasus and North America, Azerbaijan and Mexico have become significant centers of trade, transit, and energy.

Cargo transportation in the region, which is carried out through several routes from the East to Europe, passes through the territory of Azerbaijan. International North-South Transport Corridor, which was constructed to transport goods from India and the Persian Gulf countries to Russia, Western Europe, and the Baltic and Scandinavian countries, is the major one of these routes.