The Iranian-Azerbaijani joint commission on economic cooperation will hold a meeting in Baku soon, Iranian Ambassador to Azerbaijan Seyyed Abbas Mousavi said at a press conference dedicated to the 30th anniversary of the establishment of diplomatic relations between the two countries.
According to the ambassador, there is a vast potential for developing economic relations between Azerbaijan and Iran, and the upcoming meeting will serve as a platform for discussing topical issues in this area.
Seyyed Abbas Mousavi said that today the trade turnover between Iran and Azerbaijan reaches $400 million. At the same time, the population of both countries is also engaged in trade, and this figure is not taken into account in the official trade turnover.
Last year, the trade between the two countries increased by 30% compared to 2020. Export of products from Azerbaijan to Iran increased by more than 10%.